RNS Number:2304K
Bridgewell Securities Limited
24 March 2005






                                     FORM 38.5



                        CONNECTED EXEMPT MARKET-MAKERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Name of EMM


Bridgewell Securities Limited



Date of disclosure


24 March 2005



Contact name


Neil Kapoor



Telephone number


020 7003 3207



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



Rathbone Brothers plc

GWR Group plc

Rensburg plc

Capital Radio plc





                        CONNECTED EXEMPT MARKET-MAKERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS







Dealing in                                         Rathbone Brothers Plc



Class of security                                  Ordinary 5p shares



Date of disclosure                                24 March 2005



Date of dealing                                   24 March 2005



Name of EMM                                      Bridgewell Securities Limited



Name of offeree/offeror with whom connected      Offeror - Rathbone Brothers Plc







Total number of securities purchased                  4,700



Highest price paid*                                          788.62 p sterling



Lowest price paid*                                          787.5 p sterling







Total number of securities sold                          2,616



Highest price received*                                    790.5 p sterling




Lowest price received*                                    786 p sterling





*Currency must be stated



                        CONNECTED EXEMPT MARKET-MAKERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS







Dealing in                                        GWR Group Plc



Class of security                                 Ordinary 5p shares



Date of disclosure                               24 March 2005



Date of dealing                                  24 March 2005



Name of EMM                                    Bridgewell Securities Limited


Name of offeree/offeror with whom connected      Offeree - GWR Group Plc







Total number of securities purchased                  3,622



Highest price paid*                                          240 p sterling



Lowest price paid*                                          240 p sterling







Total number of securities sold                          4,872



Highest price received*                                     242 p sterling



Lowest price received*                                     240 p sterling





*Currency must be stated



                        CONNECTED EXEMPT MARKET-MAKERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS







Dealing in                                        Capital Radio Plc



Class of security                                 Ordinary 2.5p shares



Date of disclosure                                           24 March 2005



Date of dealing                                               24 March 2005



Name of EMM                                      Bridgewell Securities Limited



Name of offeree/offeror with whom connected      Offeree - GWR Group Plc







Total number of securities purchased                  Nil



Highest price paid*



Lowest price paid*







Total number of securities sold                          2,500



Highest price received*                                    407 p sterling



Lowest price received*                                    405.5 p sterling





*Currency must be stated



                        CONNECTED EXEMPT MARKET-MAKERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS







Dealing in                                                       Rensburg plc



Class of security                                  Ordinary 10p shares



Date of disclosure                                           24 March 2005



Date of dealing                                               24 March 2005



Name of EMM                                        Bridgewell Securities Limited



Name of offeree/offeror with whom connected      Offeror - Rathbone Brothers plc
Plc







Total number of securities purchased                  3,000



Highest price paid*                                          605 p sterling



Lowest price paid*                                          592 p sterling







Total number of securities sold                          730



Highest price received*                                     610 p sterling



Lowest price received*                                     610 p sterling





*Currency must be stated


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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