MAE Mallett

RNS Number:4588N
Mallett PLC
6 July 2000


Letter to Mallett plc
                                      SAR 5

Under the Rules Governing Substantial Acquisitions of Shares, an investment
manager and its discretionary clients are regarded as a single person and their
holdings are therefore aggregated and acquisitions and disposals notified.

Accordingly, we would inform you that shares held in discretionary investment
portfolios managed by, or on advice from, companies within the Mercury Asset
Management Group, have been reduced as follows but in aggregate continue to
represent 15 per cent. or more of the voting rights.

Date of Movement:   5th July, 2000

                                 Disposal    Current Holding
5p Ordinary Shares                5,000          2,758,071
Percentage Holding                                   19.98%


Letter from Mercury Asset Management Group Ltd

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