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Wednesday 15 February, 2006

SCM

Rule 8.3 - First Technology plc - Amendment

Systems Capital Management LP
                  

                               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) Stevens Capital Management LP
-------------------------------- -------------------------------------
Company dealt in                 First Technology plc
-------------------------------- -------------------------------------
Class of relevant security to    Common Shares
 which the dealings being
 disclosed relate (Note 2)
-------------------------------- -------------------------------------
Date of dealing                  13 February 2006
-------------------------------- -------------------------------------

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
-------------------------- --------------------- ---------------------
(2) Derivatives (other
 than options)             762,859               0
-------------------------- --------------------- ---------------------
(3) Options and agreements
 to purchase/sell
-------------------------- --------------------- ---------------------
Total                      762,859               0
-------------------------- --------------------- ---------------------

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

    Class of relevant              Long                  Short
         security:
-------------------------- --------------------- ---------------------
                           Number            (%) Number            (%)
-------------------------- --------------------- ---------------------
(1) Relevant securities    N/A
-------------------------- --------------------- ---------------------
(2) Derivatives (other
 than options)
-------------------------- --------------------- ---------------------
(3) Options and agreements
 to purchase/sell
-------------------------- --------------------- ---------------------
Total
-------------------------- --------------------- ---------------------

(c) Rights to subscribe (Note 3)

Class of relevant security: Details
--------------------------- ------------------------------------------
N/A
--------------------------- ------------------------------------------

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale          Number of securities    Price per unit (Note 5)
---------------------- ----------------------- -----------------------
N/A
---------------------- ----------------------- -----------------------


(b) Derivatives transactions (other than options)

Product name,  Long/short (Note 6) Number of securities Price per unit
e.g. CFD                            (Note 7)             (Note 5)
-------------- ------------------- -------------------- --------------
Total Return
 Equity Swap   Long                9164                 £3.80
-------------- ------------------- -------------------- --------------


(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product    Writing,     Number of   Exercise  Type, e.g.  Expiry  Option money
name,      selling,     securities  price     American,   date    paid/received
e.g. call  purchasing,  to which              European            per unit
option     varying      the option            etc.                (Note 5)
           etc.         relates
                        (Note 7)
---------- ------------ ----------- --------- ----------- ------- -------------
N/A
---------- ------------ ----------- --------- ----------- ------- -------------


(ii) Exercising

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


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

Nature of transaction  Details                 Price per unit (if
 (Note 8)                                       applicable) (Note 5)
---------------------- ----------------------- -----------------------
N/A
---------------------- ----------------------- -----------------------

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? (Note 9) YES

Date of disclosure                      13 February 2006
--------------------------------------- ------------------------------
Contact name                            Jeffrey W. Cameron
--------------------------------------- ------------------------------
Telephone number                        610.971.5000
--------------------------------------- ------------------------------
If a connected EFM, name of
 offeree/offeror with which connected   N/A
--------------------------------------- ------------------------------
If a connected EFM, state nature of
 connection (Note 10)                   N/A
--------------------------------------- ------------------------------

Notes

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

                          SUPPLEMENTAL FORM 8

                       DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as
                             appropriate)

OPEN POSITIONS (Note 1)

Product name,  Written or  Number of      Exercise  Type, e.g.  Expiry
e.g. call      purchased   securities to  price     American,   date
 option                    which the      (Note 2)  European
                           option or                etc.
                           derivative
                           relates
-------------- ----------- -------------- --------- ----------- ---------
Total Return   Purchased   762,859        N/A       Cash        N/A
 Equity Swap                                        Settled
                                                    Equity
                                                    Swap
-------------- ----------- -------------- --------- ----------- ---------

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

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

Notes

1. Where there are open option positions or open derivative positions (except
for CFDs), full details should be given. Full details of any existing agreements
to purchase or to sell should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk

a d v e r t i s e m e n t