Rule 8 - COLLINS STEW HLDGS

Form 8.1/8.3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel.
Use separate form for each class of securities in which dealings have
been made.

Date of Disclosure 12 March 2003

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON
TAKEOVERS AND MERGER

Date of Dealing 11 March 2003

Dealing in COLLINS STEW HLDGS

(1)Class of security (eg ordinary shares) ORD GBP0.25

(2)Amount bought   Amount sold   Price per unit
              318            0           3.2500
              444            0           3.2500
              668            0           3.2440
            1,163            0           3.2500
            1,223            0           3.2500
            1,305            0           3.2440
            1,708            0           3.2500
            1,746            0           3.2500
            1,905            0           3.2440
            2,155            0           3.2500
            2,256            0           3.2440
            2,344            0           3.2500
            3,166            0           3.2440
            3,962            0           3.2440
            4,197            0           3.2500
            4,443            0           3.2440
            4,477            0           3.2500
            5,323            0           3.2440
            5,760            0           3.2440
            5,875            0           3.2440
            6,724            0           3.2500
            7,950            0           3.2440
            8,294            0           3.2500
            9,025            0           3.2500
           10,918            0           3.2440
           11,265            0           3.2440
           11,463            0           3.2440
           11,855            0           3.2440
           12,156            0           3.2440
           16,160            0           3.2500
           17,050            0           3.2440
           17,110            0           3.2440
           21,000            0           3.2440
           27,304            0           3.2440
           30,000            0           3.2440
           38,422            0           3.2440
           38,762            0           3.2440
           46,395            0           3.2440
           53,609            0           3.2500
          206,389            0           3.2500
          550,000            0           3.2440


(3)Resultant total of the same class owned or controlled
2,310,518

(and percentage of class)
(1.20 % )


(4) Party making disclosure Barclays PLC

(5) EITHER  (a) Name of purchaser/vendor (Note 1)
            (b) If dealing for discretionary client(s), name of fund
            management organisation
            
            Barclays PLC


(6) Reason for disclosure (Note 2)
(a) associate of  (i) offeror (Note 3)   NO
                  (ii) offeree           NO


Specify which category or categories of associate (1-8 overleaf)

(b) Rule 8.3 (i.e disclosure because of ownership or control of 1% or
more of the class of relevant securities dealt in)
YES

Signed, for and on behalf of the party named in (4) above

..................................................................

(Also print name of signatory)
Geoff Smith
Telephone and extension number
0207 699 2305