RNS Number:8328N
Schroders PLC
22 July 2003





                                                                    FORM 8.1/8.3
Date of Disclosure: 22/07/03

          DISCLOSURE UNDER RULES 8.1 (a), 8.1 (b)(i), AND 8.3 OF THE CITY CODE

                             ON TAKEOVERS AND MERGERS


Date of Dealing:     08/07/03

Dealing in:     BESPAK Plc

(1)     Class of securities (e.g. ordinary shares):      ORDINARY 10p SHARES

(2) Amount bought                     Amount sold           Price per unit (p)

        10,000                                                  352.9

(3)     Resultant total of the same class owned or controlled:     6,073,566

     Percentage of class:      22.67%

(4)     Party making disclosure:     SCHRODERS Plc

(5)     EITHER     (a)     Name of purchaser/vendor (Note 1) :

     OR     (b) If dealing for discretionary client(s), name of fund management 
                organisation:

               SCHRODERS Plc

 6. Reason for disclosure (Note 2)


    (a) associate of     (i) offeror (Note 3)               NO
                   (ii) offeree company                    YES

    Specify which category or categories of associate (1-8 overleaf):

    If category (8), explain: 6

     (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more   
         of the class of relevant securities dealt in).          YES


Signed on behalf of the party named in (4) above: .............................


(Also print name of signatory): Alison Dunn

Telephone and extension number: 020 7658 2959



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