RNS Number:4908U
MSB International PLC
21 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.       Name of company

         MSB International PLC

2.       Name of shareholder having a major interest
 a       Eaglet Investment Trust plc
 b       Unicorn Investment Funds

3.       Please state whether notification indicates that it is in respect of holding of the shareholder named in 2
         above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of
         that person's spouse or children under the age of 18.
 a       Eaglet Investment Trust plc
 b       Unicorn Investment Funds

4.       Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them
 a       HSBC Global Nominees Ltd. A/c Eaglet
 b       HSBC Global Nominees Ltd. A/c Unicorn UK Smaller Companies

5.       Number of shares/amount of stock acquired
 a       410,000
 b       60,000

6.       Percentage of issued class
 a       2.00%
 b       0.29%

7.       Number of shares/amount of stock disposed
          N/A


8.       Percentage of issued class
          N/A


9.       Class of security

         Ordinary 5p shares

10.      Date of transaction
          16 January 2004 (both)


11.      Date company informed
          20 January 2004 (both)


12.      Total holding following this notification
 a       4,929,350
 b       680,250

13.      Total percentage holding of issued class following this notification
 a       24.04%
 b       3.32%

14.      Any additional information
         The total number of shares managed by Unicorn Asset Management is 5,787,720 Ordinary 5p shares representing
         28.23% This interest arises purely from the status of Unicorn Asset Mgmt. as investment manager and should not
         be deemed to be the beneficial owner of these shares


15.      Name of contact and telephone number for queries
          Ian Ketchin 020 8315 9655


16.      Name and signature of authorised company official responsible for making this notification.
          Ian Ketchin, Company Secretary




Date of notification: 21st January 2004


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

HOLSESFIFSLSEFF