SAR - Wembley Plc

Schroders PLC
13 March 2002

                                                                      FORM SAR 3

Lodge with Company Announcements Office (which will publicise and copy to the
Panel). A copy must also be sent to the company the shares of which are
acquired.

Date of disclosure:     13/03/02

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

Date of acquisition     12/03/02

Acquisition in          Wembley PLC                         

                                                                                                                      
  1)     Class of voting shares (e.g.      Number of shares over shares         If rights over shares acquired, as    
         ordinary shares)                  acquired                             opposed to the shares themselves,     
                                                                                specify nature of rights              
  1GBP ordinary shares                     32,000 shares                                                              
                                                                                                                      
  2)     Resultant total holding of voting shares      Resultant total holding of rights over        Total percentage 
  (and % of total voting shares in issue)              shares (and % of total voting shares in                        
                                                       issue)                                                         
        5,818,537 shares (16.051%)                                                                    (16.051%)        

 (3)     Party making disclosure     Schroders plc

                                                                                                                      
  4)     (a)     Name of person acquiring shares or rights      Schroders plc on behalf of institutional clients on a 
         over shares and, if different, beneficial owner        non-beneficial basis                                  
     
          (b)     Names of any other persons acting by agreement                                                        
                  or understanding (see SAR 5)
                                                                                        
Signed, for and on behalf of the party named in (3) above     
(Also print name of signatory)     Alison Dunn
Telephone and extension number     020 7658 2959 (Direct line)

Note.     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. 

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, Tel. No.: 020
7638 0129 
END


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