Rule 8.3 - DERWENT VALLEY HLDGS

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              DERWENT VALLEY HLDGS
Class of relevant security    ORD GBP0.05
to which the dealings being
disclosed relate (Note 2)
Date of dealing               12 January 2007

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)
                            Long                    Short

                      Number       (%)        Number       (%)

(1) Relevant        1,109,418    2.07%        158,771     0.30%
securities
(2) Derivatives       125,293    0.23%        432,661     0.81%
(other than
options)
(3) Options and             0    0.00%              0     0.00%
agreements to
purchase/sell

Total               1,234,711    2.30%        591,432     1.10%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales
Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase          2,353                19.6717
Purchase          1,676                19.7300
Purchase          3,033                19.6854
Sale                800                19.6600
Sale                400                19.7371
Sale                137                19.6458
Sale              1,676                19.7300
Sale              2,100                19.7529
Sale                 33                19.6700
Sale              1,676                19.7300

(b)  Derivatives transactions (other than options)
Product name,    Long/Short     Number of           Price Per Unit
(e.g. CFD)       (Note 6)       Securities (Note 7)
CFD                  Short        2353               19.6717
CFD                  Short        3033               19.6854
CFD                  Long          137               19.6458
CFD                  Long          800               19.6600
CFD                  Long          400               19.7370
CFD                  Long         2100               19.7528


(c) Options transactions in respect of existing securities



(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit
                varying etc.      relates (GBP)                                         (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)





4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         15 January 2007
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk