HWY Highway Ins.

RNS Number:0409J
Numis Securities Limited
25 February 2005


                                FORM 38.5 (SUMMARY)





Lodge with a Regulatory Information Service and the Panel. Use a separate form
for each class of securities in which dealings have been made.





                        CONNECTED EXEMPT MARKET- MAKERS:

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





Name of EMM             Numis Securities Limited............................



Date of disclosure      25 February 2005....................................



Contact Name            HGE Jenkins.........................................



Telephone Number        0207 776 1584..........................................





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



Highway Insurance Holdings PLC Ord 20p - Ordinary Shares.



AMENDMENT



If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of the previous disclosure was incorrect:



Total number of securities purchased on the 23 February 2005 has been amended

from 625,435 securities to 625,935 securities.





In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date), the
exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.



For full details of disclosure requirements see Rules 8 and 38 of the code. If
in doubt contact the Monitoring Section of the Panel, Tel No: 0207 638 0129.





CONNECTED EXEMPT MARKET-MAKERS:

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





Dealing in         Highway Insurance Holdings Plc..............................
(Name of company)



Class of security      Ordinary shares 20 pence..............................



Date of disclosure   25 February 2005...........................................



Date of dealing        23 February 2005.......................................



Name of EMM       Numis Securities Limited.................................



Name of offeree /offeror with whom connected...Highway Insurance Holdings Plc







Total number of securities purchased                  625,935



Highest price paid*                                   42.5 Pence

Lowest price paid*.                                   42 Pence

Total number of securities sold                       500,000

Highest price received*.                              43 Pence

Lowest price received*                                43 Pence





*Currency must be stated


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

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