Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

The Morgan Crucible Company plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

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

AEGON UK Group of Companies

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

5. Date of transaction (and date on which the threshold is crossed or reached if different):

16th December 2008

6. Date on which issuer notified:

18th December 2008

7. Threshold(s) that is/are crossed or reached:

4-3%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB0006027295

10,919,504

10,919,504

10,619,504

10,619,504

0

3.93

0

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

10,619,504

3.93%

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

AEGON UK Group of companies - parent undertaking of:

AEGON Asset Management UK plc

AEGON Investment Management UK ltd.

AEGON ICVC

Proxy Voting:

10. Name of proxy holder:

AEGON UK Group of Companies

11. Number of voting rights proxy holder will cease to hold:

-300,000

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

19th December 2008

13. Additional information:

AEGON UK Group of Companies consists of:

AEGON Asset Management UK plc 

AEGON Investment Management UK ltd

AEGON ICVC

14 Contact name:

Tracey Bigmore

15. Contact telephone name:

01753 837000