EMM Disclosure

ABN AMRO BANK N.V.
                  

FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM:                  ABN AMRO BANK NV London Branch
Date of disclosure:           25 JANUARY 2005
Contact name:                 KIRIT DEVSHI
Telephone number:             [phone]


Please see attached disclosure of dealings under Rule 38.5 in the securities of
the following companies:

LONDON STOCK EXCHANGE PLC
MERSEY DOCKS AND HARBOUR CO PLC
SHELL TRANSPORT & TRADING CO PLC ORD 25P (SHEL.L)
SHELL TRANSPORT & TRADING CO PLC ADR 1:6 (SC.N)


If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:




In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option, the
exercise period (or in the case of exercise, the exercise date), the exercise
price and any option money paid or received. For derivative this should include,
at least, the number of reference securities to which they relate (when
relevant), the maturity date (or if applicable the closing out date) and the
reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   LONDON STOCK EXCHANGE PLC
Class of security:                              ORD  5/5 6P
Date of disclosure:                             25 JANUARY 2005
Date of dealing:                                24 JANUARY 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    EURONEXT
Total number of securities purchased:           2,868
Highest price paid*                             5.7575 GBP
Lowest price paid*                              5.7475 GBP
Total number of securities sold:
Highest price received*
Lowest price received*


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   MERSEY DOCKS AND HARBOUR CO PLC
Class of security:                              ORD 10P
Date of disclosure:                             25 JANUARY 2005
Date of dealing:                                24 JANUARY 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    MERSEY DOCKS AND HARBOUR CO PLC
Total number of securities purchased:           2,500
Highest price paid*                             9.8500 GBP
Lowest price paid*                              9.8500 GBP
Total number of securities sold:                2,500
Highest price received*                         9.7000 GBP
Lowest price received*                          9.7000 GBP


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   SHELL TRANSPORT & TRADING CO PLC
Class of security:                              ORD 25P
Date of disclosure:                             25 JANUARY 2005
Date of dealing:                                24 JANUARY 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    ROYAL DUTCH SHELL PLC
GBP
Total number of securities purchased:           667,698
Highest price paid*                             4.6100 GBP
Lowest price paid*                              4.5550 GBP
Total number of securities sold:                409,130
Highest price received*                         4.6100 GBP
Lowest price received*                          4.5850 GBP
USD
Total number of securities sold:                88,800
Highest price received*                         8.6000 USD
Lowest price received*                          8.6000 USD


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

(SC.N)


Dealing in (name of company):                   SHELL TRANSPORT & TRADING CO PLC
Class of security:                              ADR 1:6
Date of disclosure:                             25 JANUARY 2005
Date of dealing:                                24 JANUARY 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    ROYAL DUTCH SHELL PLC
Total number of securities purchased:           14,800
Highest price paid*                             51.6358 USD
Lowest price paid*                              51.6358 USD
Total number of securities sold:
Highest price received*                         USD
Lowest price received*                          USD