Rule 8.3- Singer & Fried.

Schroders PLC 26 April 2005 FORM 8.3 DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT SECURITY (Rule 8.3 of The City Code on Takeovers and Mergers) Name of purchaser/vendor * Schroders Plc Company dealt in Singer & Friedlander Group Plc Relevant security dealt in Ord 13.5p shares If a connected EFM, name of offeree/offeror n/a with which connected If a connected EFM, nature of connection # n/a Date of dealing 25.04.05 DEALINGS + Amount bought Price per unit (currency must be stated) Amount sold Price per unit (currency must be stated) 137,777 313.247p Resultant total amount and percentage of the 10,371,540 (5.994%) This holding same relevant security owned or controlled includes an in-specie transfer out of 666,666 shares. IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED? NO Date of disclosure 26.04.05 Contact name Duncan Murray Telephone number 020 7658 2962 * Specify the owner or controller in addition to the person dealing. The naming of nominees or vehicle companies is insufficient. In the case of disclosure of dealings by fund managers on behalf of discretionary clients, the clients need not be named. # See the definition of 'connected fund managers and principal traders' in the Definitions Section of the Code. + If disclosing dealings/holdings in derivatives or options, please attach Supplemental Form 8 (Derivative) or Supplemental Form 8 (Option), as appropriate. 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. This information is provided by RNS The company news service from the London Stock Exchange

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Schroders (SDR)
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