CAT Catco Reinsurance Opportunities Fund Limited

RNS No 7191c
CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

G U D PENSION TRUST LIMITED

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

BENEFICIAL SHAREHOLDING OF SHAREHOLDER NAMED IN 2 ABOVE

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

NOT DISCLOSED

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

NOT DISCLOSED

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES 10p

10) Date of transaction

NOT DISCLOSED

11) Date company informed

22 JULY 1997

12) Total holding following this notification

NOT DISCLOSED

13) Total percentage holding of issued class following this notification

LESS THAN 3%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

A M NIXON 01763 263233

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

    A M NIXON

    Date of Notification....22 July 1997........


END

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