SAR - Jacques Vert plc

Schroders PLC
28 August 2001


                                                                     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:     28/08/01

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

Date of acquisition     24/08/01

Acquisition in          Jacques Vert plc     

                                                                              
  1)     Class of voting      Number of shares over   If rights over shares   
  shares (e.g. ordinary       shares acquired         acquired, as opposed to 
  shares)                                             the shares themselves,  
                                                      specify nature of rights
  10p ordinary shares         2,990,000 shares                                
                                                                              

  2)     Resultant total holding   Resultant total holding   Total percentage 
  of voting shares (and % of       of rights over shares                      
  total voting shares in issue)    (and % of total voting                     
                                   shares in issue)                           
  6,502,186 shares (21.28%)                                  (21.28%)         


(3)     Party making disclosure     Schroders plc

                                                                              
  4)(a)     Name of person acquiring     Schroders plc on behalf of           
  shares or rights over shares and, if   institutional clients on a           
  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