RNS Number:7895M
Investec Bank (UK) Limited
25 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 - Investec Bank (UK) Limited

Date of disclosure - 25 June 2003

Contact name - Tania McMullin

Telephone number - 0207 597 4453


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

Hercules Property Services Plc


AMENDMENT

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


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) - Hercules Property Services Plc

Class of security - Ordinary Shares

Date of disclosure - 25 June 2003

Date of dealing - 25 June 2003

Name of EMM - Investec Bank (UK) Limited

Name of offeree/offeror with whom connected - Hercules Property Services Plc


Total number of securities purchased - 10,000

Highest price paid* - 127p

Lowest price paid* - 127p


Total number of securities sold -

Highest price received* -

Lowest price received* -


*Currency must be stated


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