RNS Number:2343N
Investec Bank (UK) Limited
7 July 2003


                           EMM DISCLOSURE

                                                    FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the 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             07 JULY 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 derivative
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



                                                          FORM 38.5

                   CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in          HERCULES PROPERTY SERVICES PLC             (name of company)

Class of security   ORDINARY SHARES

Date of disclosure  07 JULY 2003

Date of dealing     04 JULY 2003

Name of EMM         INVESTEC BANK (UK) LIMITED

Name of offeree/offeror with whom connected     HERCULES PROPERTY SERVICES PLC


Total number of securities purchased            12,500

Highest price paid*                             123P

Lowest price paid*                              123P


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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