SAR - Close Finsbury Eurotech

Close Brothers Group PLC
24 February 2004

                                                                    FORM SAR 3
Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. A copy
must also be sent to the company the shares of which are acquired.

                                                   Date of disclosure   24/2/04

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

Date of acquisition      26/01/04
Acquisition in           Close Finsbury Eurotech Trust 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
 Ordinary Shares             3,400,000  shares     
                                        rights
 
(2) Resultant total          Resultant total holding   Total percentage
    holding of voting        of rightsover shares 
    shares (and % of total   (and % of total voting
    voting shares in issue)  shares in issue)

     5,225,150 (15.3 %)                  ( %)          5,225,150 (15.3%)
                                              
(3) Party making disclosure     Close Brothers Group plc

(4) (a) Name of person acquiring shares or rights over shares 
    and, if different, beneficial owner                    See attached

    (b) Names of any other persons acting by
    agreement or understanding                             As above
    
Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)
C.C.Miller
Telephone and extension number     020 7655 3100 x3383 
                   ______________________________________
Note 1. 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.
Note 2. The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.
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, Monitoring
Section, Tel. No: 020 7638 0129.
E-mail: [e-mail]

Name of    Close Wealth    CWM on behalf of    CWM on behalf of      TOTALS
person     Management      clients of Close    clients of Close
acquiring  Limited (CWM)   Investment          International Custody
shares     for its own     Management (Isle of Services Limited 
           clients         Man) Limited        (Guernsey)

Number of
shares
acquired
on 26           3,400,000          0                     0            3,400,000
January
2004

Resultant
total
holding
(including
beneficial      5,202,083           15,976                7,091       5,225,150
ownership)

Resultant
total
percentage
of
shares in issue 15.21%                0.05%                0.02%       15.28%





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