BS. Base Grp.

RNS No 9027r
BRITISH STEEL PLC
29 March 1999


SECTION 198 COMPANIES ACT 1985 - DISCLOSURE OF INTEREST IN SHARES

British Steel plc has today received a notification from The Capital Group 
Companies, Inc. on behalf of its affilliates, including Capital Guardian 
Trust Company, Capital International Limited, Capital International S.A., 
Capital International, Inc. and Capital Research and Management Company 
("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the 
"Act").

On 25 March 1999 The Capital Group Companies, Inc. was interested for the 
purposes of the Act in 79,884,102 ordinary shares of 50p each representing 
4.03% of British Steel's issued capital.

These holdings form part of funds managed on behalf of investment clients by 
the Companies.

END


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