RNS No 3412h
BURN STEWART DISTILLERS PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

BURN STEWART DISTILLERS PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

HSBC INVESTMENT BANK PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

SHAREHOLDER NAMED IN NO 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

HSBC INVESTMENT BANK PLC      4,544,168 SHARES

5)  Number of shares/amount of stock acquired.

4,544,168

6)  (7.662%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES OF 10P EACH

10) Date of transaction

17 DECEMBER 1998

11) Date company informed

21 DECEMBER 1998

12) Total holding following this notification

4,544,168 ORDINARY SHARES OF 10P EACH

13) Total percentage holding of issued class following this notification

7.662%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

KARIN BARBOUR, ASSISTANT COMPANY SECRETARY
TEL 01355 260999

16) Name and signature of authorised company official responsible for making
    this notification


    Date of Notification........................


END

HOLBUBBDUXDCCIB


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