Eleco PLC
24 March 2005


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     ELECO PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     1) MATS LOVGREN
     2) ANDERS LOVGREN

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

     HOLDING OF SHAREHOLDERS IN 2

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

     1) NORDEA BANK DANMARK A/S A/C UBCC
     2) HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED 742452 ACCT

5)   Number of shares/amount of stock acquired.

     -

6)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     1) 1,311,314
     2) 1,311,314

8)   Percentage of issued Class

     1) 2.67%
     2) 2.67%

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

     23/3/05

11)  Date company informed

     24/3/05

12)  Total holding following this notification

     1) 1,311,314
     2) 1,311,314
          
13)  Total percentage holding of issued class following this notification

     1) 2.67%
     2) 2.67%

14)  Any additional information

     -

15)  Name of contact and telephone number for queries

     LAURENCE HOLDCROFT
     GROUP COMPANY SECRETARY
     01920 443830

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

     Date of Notification ..  24/3/2005  ......................





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