RNS No 9772m
METALRAX GROUP PLC
21 April 1999


To :  Company Announcement Office

We have been notified by CGU plc that following the sale of 1,000,000 shares on
19th April 1999 they are regarded as having an interest in 2,969,090 shares in
Metalrax Group PLC, representing 2.44% of the current issued share capital.

Consequently, they no longer have a notifiable interest under current
legislation.


From:  T R Jones
       Financial Director

END


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