Rule 8.3 - Photo-Me International Plc

OZ Management, LLC
                  

                               FORM 8.3
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
                    (Rule 8.3 of the Takeover Code)

1. KEY INFORMATION

Name of person dealing                    OZ Management L.L.C. and Cycladic Capital LLP
---------------------------------------------------------------------------------------------------------
Company dealt in                          Photo-Me International plc
---------------------------------------------------------------------------------------------------------
Class of relevant security to which the   ORD GBP 0.5 pence
 dealings being disclosed relate
---------------------------------------------------------------------------------------------------------
Date of dealing                           7 June 2006
---------------------------------------------------------------------------------------------------------

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in
                                                       Long                          Short
--------------------------------------------------------------------------------------------------------
                                          Number                        Number
                                                       (%)                             (%)
--------------------------------------------------------------------------------------------------------
(1) Relevant securities                   12,259,845 3.36
--------------------------------------------------------------------------------------------------------
(2) Derivatives (other than options)      72,533,049 19.89
--------------------------------------------------------------------------------------------------------
(3) Options and agreements to
 purchase/sell
--------------------------------------------------------------------------------------------------------
Total                                     84,792,894 23.25
--------------------------------------------------------------------------------------------------------

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in
       Class of relevant security:                     Long                          Short
--------------------------------------------------------------------------------------------------------
                                          Number                        Number
                                                       (%)                             (%)
--------------------------------------------------------------------------------------------------------
(1) Relevant securities
--------------------------------------------------------------------------------------------------------
(2) Derivatives (other than options)
--------------------------------------------------------------------------------------------------------
(3) Options and agreements to
 purchase/sell
--------------------------------------------------------------------------------------------------------
Total
--------------------------------------------------------------------------------------------------------

(c) Rights to subscribe

Class of relevant security:               Details
---------------------------------------------------------------------------------------------------------

3. DEALINGS

(a) Purchases and sales

Purchase/sale                      Number of securities              Price per unit (pence)
---------------------------------------------------------------------------------------------------------
Purchase                           1,311                             103.50
                                    651,887                           104.00
                                    350,000                           104.50
                                    1,198                             104.75
                                    175,403                           105.00
                                    14,000                            105.50
                                    700,000                           105.96
                                    28,750                            106.00
                                    250,000                           107.35
                                    105,336                           107.50
                                    900                               107.75
                                    19,103                            108.00
---------------------------------------------------------------------------------------------------------

(b) Derivatives transactions (other than options)

Product name,       Long/short             Number of securities            Price per unit
e.g. CFD
--------------------------------------------------------------------------------------------------------

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name,      Writing,        Number of          Exercise  Type, e.g.   Expiry    Option money
e.g. call option    selling,        securities to     price      American,   date      paid/received
                    purchasing,     which the option             European               per unit
                    varying etc.    relates                      etc.
-------------------------------------------------------------------------------------------------------

(ii) Exercising

Product name, e.g. call option     Number of securities              Exercise price per unit
---------------------------------------------------------------------------------------------------------

(d) Other dealings (including new securities)

Nature of transaction)             Details                           Price per unit (if applicable)
---------------------------------------------------------------------------------------------------------

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.
---------------------------------------------------------------------------------------------------------
None.

---------------------------------------------------------------------------------------------------------

Is a Supplemental Form 8 attached? NO

Date of disclosure                                          8 June 2006
---------------------------------------------------------------------------------------------------------
Contact name                                                Robin Cotterill
---------------------------------------------------------------------------------------------------------
Telephone number                                            0207 758 4466
---------------------------------------------------------------------------------------------------------
If a connected EFM, name of offeree/offeror with which
 connected                                                  N/A
---------------------------------------------------------------------------------------------------------
If a connected EFM, state nature of connection              N/A
---------------------------------------------------------------------------------------------------------

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk