SAR - Close Fins Eurotech

Close Brothers Group PLC
28 July 2004

                                                                      FORM SAR 5
Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are sold.
                                              Date of disclosure: 28th July 2004

DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")

Date of sale: 27th July 2004

Sale of: Close Finsbury EuroTech Trust Plc (name of company)

(1) Class of voting        Number of shares/     If rights over shares sold, as 
    shares (eg ordinary    rights over shares    opposed tothe shares themselves,
    shares)                sold                  specify nature of rights
                               
    Ordinary               14,826 shares         N/A

                           rights

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

    5,127,133 (14.99%)         Nil (%)                                 14.99%

                                                             
(3) Party making disclosure: Close Brothers Group plc

(4) (a) Name of person selling shares or rights over shares:
    Close Wealth Management Limited
    and, if different, beneficial owner

(b) Names of any other persons acting by
    agreement or understanding:

Signed, for and on behalf of the party named in (3) above

(Also print name of signatory): W J Jenkins

Telephone and extension number: 020 7426 4013
                     ______________________________________

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: [e-mail]


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