RNS Number:2354R
Eleco PLC
23 October 2003



                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     ELECO PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SUFFOLK LIFE ANNUITIES LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     SHAREHOLDER IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

      SUFFOLK LIFE ANNUITIES LIMITED

5)   Number of shares/amount of stock acquired.

      78,277

6)   Percentage of issued Class
      0.16%

7)   Number of shares/amount of stock disposed
      -

8)   Percentage of issued Class
      -

9)   Class of security

      ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

     22 OCTOBER 2003

11)  Date company informed

     23 OCTOBER 2003

12)  Total holding following this notification

      1, 528,277
               
13)  Total percentage holding of issued class following this notification

      3.12%

14)  Any additional information

       -

15)  Name of contact and telephone number for queries

     LAURENCE HOLDCROFT 
     01920 443830

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....23 OCTOBER 2003.......




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