RNS Number:0003S
Macro 4 PLC
12 November 2003

                                  MACRO 4 plc

                            SUBSTANTIAL SHAREHOLDING

The Company was advised today 12 November 2003 by Aberforth Smaller Companies
Trust plc that they have an interest in 2,087,800 ordinary 5p shares in Macro 4
plc.

The shares are held as follows:

Registered Holder                                                              Holding
Clydesdale Bank (Head Office) Nominees Limited       A/C ABERFIT1              2,087,800

This represents 10.01% of the current issued share capital of 20,847,817
ordinary 5p shares of Macro 4 plc.

The above holding forms part of the total interest of Aberforth Partners which
remains unchanged at 5,293,043 being 25.39% of the current issued share capital
of Macro 4 plc.


Graeme Gordon
Company Secretary

Tel: 01293 872000


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