Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

The Morgan Crucible Company plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

£

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

£

An event changing the breakdown of voting rights

£

Other (please specify):

£

3. Full name of person(s) subject to thenotification obligation: iii

HSBC Holdings Plc

4. Full name of shareholder(s)  (if different from 3.):iv

HSBC Investment Management

HSBC Trust Company (UK) Limited

HSBC Global Asset Management (UK) Limited

Sinopia Asset Management (UK) Limited

HSBC Global Asset Management (International) Limited

Lion International Corporate Services Limited

HSBC Private Bank (Jersey) Limited

HSBC Securities (Canada) Inc.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

23rd March 2011

6. Date on which issuer notified:

25th March 2011

7. Threshold(s) that is/are crossed orreached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0006027295

NA

Below 5%

N/A

N/A

13,736,314

N/A

5.03%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

13,736,314

5.03%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

None

14. Contact name:

Tracey Bigmore

15. Contact telephone number:

01753 837000