RNS Number:5521M
Matalan PLC
19 June 2003


                                  MATALAN PLC
                                   "Matalan"


                   Announcement dated Thursday 19th June 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 17th June 2003 Matalan received notification from Fidelity Investments on
behalf of FMR Corp and Fidelity International Limited and their subsidiaries
that they had disposed of an interest in some shares of Matalan on behalf of the
following, as a result of which their holding has decreased to 5.40% in the
issued Ordinary 10p share capital of Matalan.


            Name of Company                                Shares Held


            JP Morgan Chase                                1,750
            HSBC                                           13,100
            State Street Nominees Ltd.                     40,000
            Brown Brothers Harriman                        25,700
            State Street Bank & Trust                      18,500
            MSCO                                           13,365
            Chase Nominees Ltd                             5,277,105
            Bankers Trust                                  443,244
            Chase Nominees Ltd                             347,184
            RBS Trust Bank                                 601,843
            Citibank                                       283,500
            Nortrust Nominees Ltd                          210,300
            MSS Nominees Ltd                               17,000
            BT Globenet Nominees Ltd                       42,800
            Bank of New York Europe                        591,200
            Mellon Bank                                    162,300
            Nortrust Nominees Ltd                          775,400
            Bankers Trust                                  221,030
            RBS Trust Bank                                 953,905
            BT Globenet Nominees Ltd                       60,900
            State Street Nominees Ltd                      584,600
            Northern Trust                                 1,625,580
            Citibank                                       235,320
            Bank of New York Europe                        763,219
            HSBC Client Holdings Nominee (UK) Limited      2,676,388
            Chase Nominees Ltd                             748,211
            JP Morgan                                      1,231,896
            Bank of New York - London                      2,842,426
            Morgan Stanley                                 392,200
            Chase Manhatten Bank London                    13,960
            State Street Bank & Trust                      683,039
            Bank of New York Brussels                      540,900
            BNP Paribas                                    250,100

Total Ordinary Shares                                      22,687,965

Current ownership percentage:                              5.40%


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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