RNS Number:2350L
Leggmason Investors Enterprise PLC
16 May 2003



LEGGMASON INVESTORS ENTERPRISE PLC ("the Company")

Disclosure of interest in shares - substantial shareholder


The Company has today been notified that, following the sale of
500,000 ordinary shares of 25 pence each in the Company on
12 May 2003 by Merchant Investors Assurance Company Limited ("MIA"),
Allianz AG has decreased its aggregate notifiable holding in the Company's
issued share capital to 3,485,280 ordinary shares, representing 12.852% of
the Company's current issued share capital.

As a result of the above transaction, there has been an decrease in the
disclosable holdings of the subsidiaries of Allianz AG. Allianz AG is
the ultimate holding company of MIA. Accordingly, under section 203(2) of
the Companies Act 1985, the following companies, being subsidiaries of
Allianz AG, are also deemed to be interested in the shares held by
MIA: MI Group Limited, Allianz UK Limited, Allianz Europe Limited,
Allianz Lebensvericherungs AG, Jota Vermogensverwaltungs GmbH
and Allianz AG.


16 MAY 2003

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