RNS Number:0208M
Deutsche Bank AG London
06 June 2003

                                 EMM DISCLOSURE

                                                             FORM 38.5 (SUMMARY)

Lodge with a RIS and the Takeover 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 Deutsche Bank AG London


Date of disclosure 06/06/03


Contact name Kelly-Jade Ledwich


Telephone number 0207 545 7804


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

PizzaExpress

Scottish and Newcastle Plc

Somerfield

Chelsfield

AMENDMENT

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

This announcement replaces announcement 0013M which omitted a trade for 
Chelsfield. Full amended corrected text is below.

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 the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129.
Email: monitoring@disclosure.org.uk

                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

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

Dealing in (name of company) Scottish and Newcastle Plc


Class of security Ordinary


Date of disclosure 06/06/03


Date of dealing 04/06/03


Name of EMM Deutsche Bank AG London


Name of offeree/offeror with whom connected Scottish and Newcastle Plc


Total number of securities purchased 482,444


Highest price paid* #3.935


Lowest price paid*#3.85


Total number of securities sold 695,919

Highest price received*#3.9225


Lowest price received* #3.855


*Currency must be stated


                                                    Rule 38.5 (CFD)

            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to ......Scottish and
Newcastle Plc...........................(Company)

(Class of security) ....................Ordinary....................

Date of disclosure ...............06/06/03.....................................

Date of dealing ..................04/06/03...................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected .........Scottish and Newcastle Plc
..............................................

Product Type ..................Long CFD.......................................
........................................

Maturity Date ..................Open Ended....................................
...........................

Writing of CFD

Number of Ordinary Shares to which the CFD is referenced .........272,187......
........................

CFD reference price between ......#3.9...........................and............
#3.8575..........................

Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced............522,326...
.........................

CFD closing out price between.........#3.92......................and............
#3.855.............................

Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.

                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

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

Dealing in (name of company) Somerfield


Class of security Ordinary


Date of disclosure 06/06/03


Date of dealing 04/06/03


Name of EMM Deutsche Bank AG London


Name of offeree/offeror with whom connected Somerfield


Total number of securities purchased 1,721,553


Highest price paid*#1


Lowest price paid*#0.98


Total number of securities sold 473,940


Highest price received* #0.9975


Lowest price received* #0.9955


*Currency must be stated


                                                    Rule 38.5 (CFD)

            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to .........Somerfield...
.....................(Company)

(Class of security) ....................Ordinary....................

Date of disclosure ............06/06/03........................................

Date of dealing ..................04/06/03.....................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected ............Somerfield............
...............................

Product Type ..............................Long CFD...........................
........................................

Maturity Date ..................Open Ended....................................
...........................

Writing of CFD

Number of Ordinary Shares to which the CFD is referenced ............199,936...
..............................

CFD reference price ...........................#0.9975........................
........

Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced.........257,130......
.........................

CFD closing out price between...........#0.9975 ...... and.......#0.995.........
.........................................

Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.

                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

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

Dealing in (name of company) Chelsfield


Class of security Ordinary


Date of disclosure 06/06/03


Date of dealing 04/06/03


Name of EMM Deutsche Bank AG London


Name of offeree/offeror with whom connected MBO led by the Chairman


Total number of securities purchased 50,700


Highest price paid* #3.08


Lowest price paid*#3.065


Total number of securities sold 58,000


Highest price received* #3.0969


Lowest price received* #3.0439


*Currency must be stated


                                                    Rule 38.5 (CFD)

            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to ......Chelsfield ...
........................(Company)

(Class of security) ....................Ordinary....................

Date of disclosure ..................06/06/03..................................

Date of dealing .....................04/06/03..................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected ......MBO led by the Chairman......
...........................................

Product Type ..............................Long CFD...........................
........................................

Maturity Date ..................Open Ended....................................
...........................

Writing of CFD

Number of Ordinary Shares to which the CFD is referenced .........50,000......
........................

CFD reference price between ............#3.08.....................and.........
......#3.065..........................

Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced............58,000......
......................

CFD closing out price between .........#3.0439..................and...........
...#3.0969 ............................................

Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.


                                                    Rule 38.5 (CFD)

            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to ......PizzaExpress Plc
..................(Company)

(Class of security) ....................Ordinary....................

Date of disclosure .........06/06/03...........................................

Date of dealing ............04/06/03...........................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected .........PizzaExpress Plc.........
.....................................

Product Type .....................Long CFD....................................
........................................

Maturity Date ..................Open Ended....................................
...........................

Writing of CFD

Number of Ordinary Shares to which the CFD is referenced .....................
..................

CFD reference price ....................................................

Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced.........1,350,000......
.............................

CFD closing out price ..........#3.87... ..........................

Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.


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