Rule 8.3- (GCap Media)

Schroders PLC
07 February 2008

6FORM 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  (Note 1)             Schroders plc
Company dealt in                             GCap Media plc
Class of relevant security to which the      Ordinary 2.5p
dealings being disclosed relate (Note 2)
Date of dealing                              06/02//08





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 securities                                         26,613,229   16.144%
    (2) Derivatives (other than options)
    (3) Options and agreements to purchase/sell
    Total                                                           26,613,229   16.144%


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


 Class of relevant security:                                             Long                 Short
                                                                       Number       (%)      Number       (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell                                               1,198,660     0.73%
Total                                                                                     1,198,660     0.73%



(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 (Note 5)


Sale                                                          82,127                             190.50p







(b)        Derivatives transactions (other than options)


Product name, e.g.  Long/short (Note 6)     Number of securities (Note 7)    Price per unit (Note 5)
CFD



(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product name,e.g.   Writing,         Number of           Exercise  Type, e.g.    Expiry    Option moneypaid
call option         selling,         securities to which price     American,     date      /received per
                    purchasing,      the option relates            European etc.           unit (Note 5)
                    varying etc.     (Note 7)


Call Option         Written          941,976             0.00                    07/05/08







(ii)        Exercising


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






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


Nature of transaction (Note 8)       Details                             Price per unit (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.



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Is a Supplemental Form 8 attached? (Note 9)
            Yes




Date of disclosure                                             07/02/08
Contact name                                                   Taryn O'Donoghue
Telephone number                                               0207 658 2959


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











                                                             SUPPLEMENTAL FORM 8





                           DETAILS OF OPEN POSITIONS

   (This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as
                                  appropriate)









OPEN POSITIONS (Note 1)


      Product name,      Written or   Number of securities   Exercise price     Type, e.g.             Expiry date
                          purchased to which the option or         (Note 2)      American,
   e.g. call option                     derivative relates                   European etc.


        Call option         Written                941,976             0.00       European                07/05/08

                                           Ordinary shares
        Call option         Written                256,684           146.74       European                03/03/08

                                           Ordinary shares



Notes



1. Where there are open option positions or open derivative positions (except
for CFDs), full details should be given.  Full details of any  existing
agreements to purchase or to sell  should also be given on this form.



2. For all prices and other monetary amounts, the currency must be stated.



For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk




















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