RNS Number:2944I
Matalan PLC
04 March 2003

                                  MATALAN PLC

                                   "Matalan"



                   Announcement dated Tuesday 4th March 2003



                        Disclosure of interest in shares

           Pursuant to Sections 198 to 202 of the Companies Act 1985

                      & Section 9.11 of the Listing Rules





On 3rd March 2003 Matalan received notification from Fidelity Investments on
behalf of FMR Corp and Fidelity International Limited and their subsidiaries
that they had acquired an interest in some shares of Matalan on behalf of the
following, as a result of which their holding has increased to 6.01% in the
issued Ordinary 10p share capital of Matalan.


Name of Company                                                  Shares Held


HSBC                                                                  10,000
Chase Nominees Ltd                                                 2,279,905
Bankers Trust                                                      1,932,544
Chase Nominees Ltd                                                 1,832,548
RBS Trust Bank                                                       296,743
Citibank                                                             237,500
Nortrust Nominees Ltd                                                 86,800
MSS Nominees Ltd                                                     121,400
BT Globenet Nominees Ltd                                              22,800
Bank of New York Europe                                              530,800
Mellon Bank                                                          162,300
Nortrust Nominees Ltd                                              1,282,290
Bankers Trust                                                        322,989
RBS Trust Bank                                                     1,857,662
BT Globenet Nominees Ltd                                             316,200
State Street Nominees Ltd                                            584,600
Northern Trust                                                     1,495,680
Citibank                                                             247,220
Bank of New York Europe                                              848,019
HSBC Client Holdings Nominee (UK) Limited                          5,055,364
Chase Nominees Ltd                                                   619,174
JP Morgan                                                            973,069
Bank of New York - London                                          2,282,169
Morgan Stanley                                                       392,200
Chase Manhatten Bank London                                           59,760
State Street Bank & Trust                                            735,739
Bank of New York Brussels                                            667,100


Total Ordinary Shares                                             25,252,575



Current ownership percentage:                                          6.01%




Contact:

John Berry, Company Secretary : 01695 552533


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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