SAR - Bespak plc (Rplcmt)

Schroders PLC
12 December 2001

Replacement Announcement - Bespak plc

The issuer advises that the 'SAR - Bespak plc' announcement released on 10
December 2001 at 10.24 under RNS Number 41080 was disclosed in error. A back
dated in-specie transfer out from Schroders plc reduced the holding below the
19% threshold.