RNS Number:1872Q
Metalrax Group PLC
25 September 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

METALRAX GROUP PLC

2)   Name of shareholder having a major interest

FMR CORP. parent holding company of FIDELITY MANAGEMENT & RESEARCH COMPANY
(FMRCO), investment manager for US mutual funds, and FIDELITY INTERNATIONAL
LIMITED (FIL) parent holding company for various direct and indirect
subsidiaries, including FIDELITY INVESTMENT SERVICES LTD. (FISL), investment
manager for various non-US investment companies and institutional clients, both
being non-beneficial holders.



The notifiable interests also comprise the notifiable interest of MR E C JOHNSON
3D, a principal shareholder of FMR Corp and FIDELITY INTERNATIONAL 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

SEE BOX 2

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

SHARES HELD           MANAGEMENT COMPANY           NOMINEE/REGISTERED NAME
4,500,000             FMRCO                        HSBC
1,420,550             FISL                         CHASE MANHATTAN BANK LONDON


5)   Number of shares/amount of stock acquired

NOT INFORMED

6)   Percentage of issued class

NOT INFORMED

7)   Number of shares/amount of stock disposed

100,000 shares

8)   Percentage of issued class

0.08%


9)   Class of security

ORDINARY 5 PENCE SHARES

10)  Date of transaction

NOT INFORMED

11)  Date company informed

25 SEPTEMBER 2003


12)  Total holding following this notification

5,920,550



13)  Total percentage holding of issued class following this notification

4.94%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

TERRY JONES

0121 433 3444

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

TERRY JONES

FINANCE DIRECTOR & COMPANY SECRETARY



Date of notification ...25 September...2003...


                      This information is provided by RNS
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