RNS Number:3663K
Matalan PLC
24 April 2003


                                  MATALAN PLC

                                   "Matalan"


                  Announcement dated Thursday 24th April 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 23rd April 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 7.38% in the
issued Ordinary 10p share capital of Matalan.

Name of Company                                                    Shares Held
-----------------                                                 -------------

Chase Nominees Ltd                                                   3,806,705
Bankers Trust                                                        1,999,844
Chase Nominees Ltd                                                   1,734,548
RBS Trust Bank                                                         465,043
Citibank                                                               272,100
Nortrust Nominees Ltd                                                  155,100
MSS Nominees Ltd                                                       121,400
BT Globenet Nominees Ltd                                                42,800
Bank of New York Europe                                                587,000
Mellon Bank                                                            162,300
Nortrust Nominees Ltd                                                1,243,600
Bankers Trust                                                          173,730
RBS Trust Bank                                                       1,649,505
BT Globenet Nominees                                                   316,200
State Street Nominees Ltd                                              584,600
Northern Trust                                                       1,820,580
Citibank                                                               235,320
Bank of New York Europe                                                832,619
HSBC Client Holdings Nominee (UK) Limited                            7,756,928
Chase Nominees Ltd                                                     646,974
JP Morgan                                                            1,180,136
Bank of New York - London                                            3,003,526
Morgan Stanley                                                         392,200
Chase Manhatten Bank London                                             77,360
State Street Bank & Trust                                              735,739
Bank of New York Brussels                                              667,100
BNP Paribas                                                            355,700

Total Ordinary Shares                                               31,018,657

Current ownership percentage:                                             7.38%



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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