SAR - NetStore PLC

3i Group PLC
12 March 2001
                                                        FORM SAR 3


                                       Date of disclosure: 12.03.01

                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')

                 
Date of acquisition: 09.03.01

Acquisition in: Netstore plc             (name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    Ords 20p                  1,200,000       shares    N/A
                              ................rights


(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting
    in issue)                 shares in issue)

    21,550,933     (24.16%)   N/A............(    %)    21,550,933  (24.16%)


(3) Party making disclosure: 3i Group plc

(4)  (a)  Name of person acquiring shares or rights over shares:
          3i European Technology Trust plc
          and, if different, beneficial owner............................... 

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5): 

          3i Smaller Quoted Companies Trust plc    
          3i Group plc


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory): John Davies 

Telephone and extension number: 020 7928 3131

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, 
Tel. No: 020 7382 9026.