British Steel PLC - Holding in Company
March 12 1999 - 6:03AM
UK Regulatory
RNS No 0099j
BRITISH STEEL PLC
12th March 1999
SECTION 198 COMPANIES ACT 1985 - DISCLOSURE OF INTEREST IN SHARES
British Steel plc has today received notification from Brandes
Investment Partners LP, in accordance with Section 198 of the Companies
Act 1985 (the "Act"), that on 28 February 1999 Brandes Investment Partners,
LP ("Brandes") was interested for the purposes of the Act in 107,660,671
ordinary shares and in 9,122,170 American Depository Receipts (each one of
which is the equivalent of 10 ordinary shares) which, ultimately, represents
aprroximately 10% of the outstanding ordinary shares of British Steel each
comprised in the relevant share capital (the "Relevant Shares"), as defined
in Section 198(2) of the Act;
None of the shares referred to above are shares in which Brandes is
interested by virtue of Section 208(5) of the Act.
Brandes is a registered US investment adviser.
END
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