Rule 8.3- Boots Plc

Schroders PLC
07 November 2005


                                    FORM 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                   |Boots Plc                                            |
+-----------------------------------+-----------------------------------------------------+
|Class of relevant security to which|Ordinary 25p                                         |
|the dealings being disclosed relate|                                                     |
|(Note 2)                           |                                                     |
|                                   |                                                     |
+-----------------------------------+-----------------------------------------------------+
|Date of dealing                    |04/11/05                                             |
|                                   |                                                     |
+-----------------------------------+-----------------------------------------------------+

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            |15,372,640   2.155       |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+
|(2) Derivatives (other than        |                         |                           |
|options)                           |                         |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+
|(3) Options and agreements to      |                         |                           |
|purchase/sell                      |                         |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+
|Total                              |                         |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+

(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                      |                         |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+
|Total                              |                         |                           |
|                                   |                         |                           |
+-----------------------------------+-------------------------+---------------------------+

(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)       |
|                             |                            |                              |
+-----------------------------+----------------------------+------------------------------+
|                             |                            |                              |
|Purchase                     |24,337                      |610.25p                       |
+-----------------------------+----------------------------+------------------------------+

(b) Derivatives transactions (other than options)

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


(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      |selling,     |securities to   |price   |American,  |date    |paid/received|
|option         |purchasing,  |which the option|        |European   |        |per unit     |
|               |varying etc. |relates (Note 7)|        |etc.       |        |(Note 5)     |
+---------------+-------------+----------------+--------+-----------+--------+-------------+
|               |             |                |        |           |        |             |
+---------------+-------------+----------------+--------+-----------+--------+-------------+

(ii) Exercising

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

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

+-----------------------------+----------------------------+------------------------------+
|Nature of transaction (Note  |Details                     |Price per unit (if applicable)|
|8)                           |                            |(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.                             |
+----------------------------------------------------------------------------------------+
|                                                                                        |
|                                                                                        |
|                                                                                        |
+----------------------------------------------------------------------------------------+

Is a Supplemental Form 8 attached? (Note 9) YES/NO

+--------------------------------------------------+---------------------------------------+
|Date of disclosure                                |07/11/05                               |
|                                                  |                                       |
+--------------------------------------------------+---------------------------------------+
|Contact name                                      |Albion Onojobi                         |
|                                                  |                                       |
+--------------------------------------------------+---------------------------------------+
|Telephone number                                  |0207 658 2962                          |
|                                                  |                                       |
+--------------------------------------------------+---------------------------------------+
|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


END


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