Notice N58/00

London Stock Exchange
1 November 2000


For the attention of the
chairman/senior partner/compliance officer,
all member firms                                                  N58/00

STOCK EXCHANGE NOTICE

CONFIRMATION ON PROPOSED NEW RULES

TAKEOVERS AND STOCK SITUATIONS

DELIVERY OF UNASSENTED SHARES OR THE RESULT OF AN ELECTION

1.   Stock Exchange Notice N48/00 consulted on proposed new rules relating to 
     the delivery obligations of sellers in takeovers and stock situations.

2.   The consultation process resulted in no change to the proposed rules, 
     which will take effect from Monday 13 November 2000.

3.   A copy of the new rules is attached to this Notice.  The updated pages 
     for insertion into the rule book will be issued in due course.

Andrew McStravick
Head of Market Operations

Any comments or queries on this Notice should be addressed to Regulatory
Development, telephone [phone] (STX 31287) or 
Email: [e-mail].

This Stock Exchange Notice will be available on the website at
www.londonstockexchange.com/regulation/notices/