FORM SAR 3

Date of disclosure: 7/1/04

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

Date of acquisition 7/1/04

Acquisition in: Blue Planet Worldwide Financials Investment Trust plc

(1)  Class of voting shares      Number of shares/rights over    If rights over shares acquired, 
                                                                 as opposed to the shares themselves,
     (eg ordinary shares)        shares acquired                 specify nature of rights 

     Ordinary 50p shares         104,000 shares

                                 N/A rights                      N/A



(2) Resultant total holding      Resultant total holding of      Total percentage 
    of voting shares (and %      rights  over shares (and %
    of total voting shares       of total voting shares in
    in issue)                    issue)

    2,303,500 (16.16%)           N/A                             16.16% 


(3)  Party making disclosure: Blue Planet Investments Ltd

(4)  (a)  Name of person acquiring shares or rights over shares:
          Blue Planet Investments Ltd

          and, if different, beneficial owner:
          Mr Kenneth C Murray (the owner of Blue Planet Investments Ltd.)

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

  Blue Planet Investments Ltd
  Blue Planet Investment Management Ltd
  Mr K C Murray

Signed, for and on behalf of the party named in (3) above:
Mr Kenneth C Murray

(Also print name of signatory)
Mr Kenneth C Murray

Telephone and extension number 0131 466 6666

Note.     Under SAR 5, the holdings of and acquisitions by persons
acting by agreement or understanding must be aggregated and treated as a
holding of or acquisition by one person. Note 3 on SAR 5 requires
persons who must aggregate holdings to disclose certain disposals.

For 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.
E-mail: monitoring@disclosure.org.uk