UBS Warburg(EMM)
25 July 2000



FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Name of EMM            UBS WARBURG
      
..............................................................................

Date of disclosure     25 July 2000
      
..............................................................................

Contact Name           Roger Bradley
      
..............................................................................

Telephone number       020-7568 5846
      
..............................................................................

Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

THOMSON TRAVEL GROUP PLC ORDINARY



_______________________________________

AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:
..............................................................................
..............................................................................
........
In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.
For full details of disclosure requirements see Rules 8 and 38 of the Code. If
in doubt contact the Monitoring Section of the Panel, Tel No: 020-7638 0129.
 
 
FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in              THOMSON TRAVEL GROUP PLC       (name of company)
      
..............................................................................

Class of Security       ORD GBP0.25       
      
..............................................................................

Date of disclosure       25-Jul-00
      
..............................................................................

Date of dealing          24-Jul-00
      
..............................................................................

Name of EMM              UBS WARBURG
      
..............................................................................

Name of offeree / offeror with whom connected       THOMSON TRAVEL GROUP PLC
      
..............................................................................





Total Number of securities bought       50,000
       ......................................................

Highest price paid*       176       GBP
       ......................................................

Lowest price paid*       176       GBP
       ......................................................





Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received*       0       GBP
       ......................................................



*Currency must be stated