PAQ Paq Intl

RNS Number:0759M
Aberdeen Asset Managers Limited
24 October 2001


FORM SAR 5

Lodge with Company Announcements Office and the Panel. A copy must also be
sent to the company the shares of which are being sold.

Date of disclosure.....24/10/01.......

DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")


Date of sale...23/10/01.....................................................

Sale of...Property Acquisition & Management Limited............(name of company)

(1) Class of voting              Number of shares/        If rights over shares
    shares                       rights                   sold, as opposed
    (eg ordinary shares)         over shares sold         to the shares
                                                          themselves, specify
                                                          nature of rights
                           
    Ordinary 10p                 5,650,000     shares

                                               rights


(2) Resultant total holding      Resultant total holding of      Total
    of voting shares (and % of   rights over shares(and % of     percentage
    rights over shares in        total voting shares in issue)
    issue)
                                
    4,896,447 (7.15%)                     (%)                        (7.15%)


(3) Party making disclosure..Aberdeen Asset Managers Limited..

(4) (a) Name of person selling shares or rights over shares ..............
        and, if different, beneficial owner.. Discretionary funds under the  
        Management of Aberdeen Asset Managers Limited..

    (b) Names of any other persons acting by agreement or understanding 
        (see SAR 5)............................


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory)..Gary Marnoch................................

Telephone and extension number..01224 425291................................


or full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.

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