SAR - Merant plc

Schroders PLC 15 January 2002 FORM SAR 5 Lodge with Company Announcements Office and Newstrack, if appropriate, and the Takeover Panel. A copy must also be sent to the company the shares of which are being sold. Date of disclosure: 15/01/02 DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs') Date of sale: 11/01/02 Sale of Merant plc 1) Class of Number of shares/rights over If rights over voting shares (e.g. shares sold shares sold, as ordinary shares) opposed to the shares themselves, specify nature of rights Ordinary 2p shares 4,450,000 shares rights 2) Resultant total holding Resultant total holding Total percentage of voting shares (and % of of rights over shares total voting shares in issue) (and % of total voting shares in issue) 15,693,775 (12.593%) ( %) 12.593% (3) Party making disclosure Schroders plc 4) (a) Name of person selling Schroders plc on behalf of shares or rights over shares and, if institutional clients on a different, beneficial owner non-beneficial basis (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) Alison Dunn Telephone and extension number 020 7658 2959 (Direct line) ___________________________ 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, Tel. No.: 020 7638 0129.

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Schroders (SDR)
UK 100

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