RNS Number:2505U
MSB International PLC
14 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

     Unicorn Investment Fund ICVC


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.

     Unicorn UK Smaller Companies Fund


4.   Name of the registered holder(s) and, if more than one holder, the number 
     of shares held by each of them

     HSBC Nominees Limited a/c Unicorn Investment Funds UK Smaller Companies 
     Fund


5.   Number of shares/amount of stock acquired

     34,000


6.   Percentage of issued class

     0.166%


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

     9 January 2004


11.  Date company informed

     13 January 2004


12.  Total holding following this notification

     620,250


13.  Total percentage holding of issued class following this notification

     3.025%


14.  Any additional information



15.  Name of contact and telephone number for queries

     Ian Ketchin 020 8315 9000


16.  Name and signature of authorised company official responsible for 
     making this notification.

     Ian Ketchin, Company Secretary


Date of notification: 14 January 2004


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