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Wednesday 03 July, 2002

CB Clients PLC

Re: Interest in Shares

CB Clients PLC
3 July 2002

                         Stock Exchange Announcement

For immediate release            03 July, 2002


                         CB Clients Plc (the 'Fund')
               Alsukoor European Equity Fund (the 'Sub-fund')

     Re:      Notification of Interests in Shares & Controlling Shareholder

The Board of Directors of the Fund wishes to announce the following interests in
the Shares of the Sub-fund, as at 25 June 2002:

Shareholder                                  No. of Shares               %

Al Tawfeek                                   177,103                     69.95
Commerzbank  AG                              50,000                      19.31
Commerzbank AG holdings
Custodised as Clearstream Banking AG         31,363                      12.11

Enquiries:

CICM Fund Management Ltd                     Margaret Fitzgerald
                                             +353 1 6491344

Goodbody Stockbrokers                        Ciara Bollard
                                             +353 1 641 9151


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.



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