HWY Highway Ins.

    RNS Number : 4145E
  BNP Paribas London
  26 September 2008
   

                                           FORM 8.3                        
    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE 
    (Rule 8.3 of the Takeover Code)


    1.    KEY INFORMATION

 Name of person dealing  (Note 1)                                  BNP PARIBAS

 Company dealt in                              Highway Insurance Holdings plc
                                                
 Class of relevant security to which the       Ordinary shares
 dealings being disclosed relate (Note 2)
  
 Date of dealing                               19 September 2008


    2.    INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

    (a)    Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

                                                Long                 Short

                                      Number       (%)           Number    (%)

 (1) Relevant securities              3,376,616           1.65%

 (2) Derivatives (other than
 options)

 (3) Options and agreements to
 purchase/sell

 Total                                3,376,616     1.65%


    (b)    Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

 Class of relevant security:                      Long             Short

                                            Number       (%)  Number       (%)

 (1) Relevant securities 

 (2) Derivatives (other than options)

 (3) Options and agreements to
 purchase/sell

 Total


    (c)    Rights to subscribe (Note 3)

 Class of relevant security:  Details





    3.    DEALINGS (Note 4)

    *     Purchases and sales

 Purchases  Quantity   Price (GBP)



 Total:


 Sales   Quantity   Price (GBP)

         1,508             0.72

 Total:  1,508


     (b)    Derivatives transactions (other than options)

 Product name,   Long/short (Note 6)  Number of securities  Price per unit (Note 5)
 e.g. CFD                             (Note 7)





    (c)    Options transactions in respect of existing securities
    (i)    Writing, selling, purchasing or varying

 Product name,  Writing, selling,     Number of securities  Exercise  Type, e.g. American,  Expiry   Option money
 e.g. call      purchasing, varying   to which the option   price     European etc.         date     paid/received per
 option         etc.                  relates (Note 7)                                               unit (Note 5) 




    (ii)    Exercising

 Product name, e.g. call option  Number of securities  Exercise price per unit (Note 5)




    (d)    Other dealings (including new securities) (Note 4)

 Nature of transaction (Note 8)  Details  Price per unit (if applicable) (Note
                                          5)



    4.    OTHER INFORMATION

    Agreements, arrangements or understandings relating to options or derivatives


 Full details of any agreement, arrangement or understanding between the
 person disclosing and any other person relating to the voting rights of any
 relevant securities under any option referred to on this form or relating to
 the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative referred to on this form is referenced. If
 none, this should be stated.  






    Is a Supplemental Form 8 attached? (Note 9)                NO


 Date of disclosure                                         26 September 2008
                                                             
                                                             
 Contact name                                               Neil Kober
                                                             
 Telephone number                                           020 7595 4821
                                                             
 If a connected EFM, name of offeree/offeror with which     N/A
 connected                                                   
 If a connected EFM, state nature of connection (Note 10)   N/A


    Notes

    The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk



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