Rule 8 Disclosure

London Stock Exchange
4 September 2000


                                        Date of disclosure 4th September 2000

 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS
                                 AND MERGERS

                                        
Date of dealing 1st September 2000

Dealing in  London Stock Exchange PLC (Name of company)

(1) Class of securities (e.g. ordinary shares) ORDINARY

(2) Amount bought   11,289

    Amount sold     0

    Price per unit  2856


(3) Resultant total of the same class owned or controlled (and percentage of
    class) 977,957  (3.29%) 

(4)  Party making disclosure        UBS WARBURG

(5) EITHER (a) Name of purchaser/vendor (Note 1)  UBS WARBURG
 OR        (b) If dealing for discretionary client(s), name of fund 
               management organisation


(6) Reason for disclosure (Note 2)
(a) associate of     (i) offeror (Note 3)                    NO
                     (ii)offeree company                     NO

     Specify which category or categories of associate (1- 8 overleaf)

      If category (8), explain
    

(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more of
    the class or relevant securities dealt in)                     YES

Signed, for and on behalf of the party named in (4) above 


(Also print names of signatory)   MARK GOULDEN            KAREN HALES

Telephone and extension number 020-7568 5846



Note 1.  Specify owner, not nominee or vehicle company.  If relevant,
         also identify controller of owner, e.g. where an owner normally acts   
         on instructions of a controller.
Note 2.  Disclosure might be made for more than one reason; if so, state
         all reasons.
Note 3.  Specify which offeror if there is more than one.
Note 4.  When an arrangement exists with any offeror, with the offeree
         company or with an associate of any offeror or of the offeree company  
         in relation to relevant securities, details of such arrangement must   
         be disclosed, as required  Note 6 on Rule 8.


For full details of disclosure requirements, see Rule 8 of the Code.  If in
doubt, contact the Panel on Takeovers and Mergers.  Tel No: 020-7382 9026.