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3i UK Select Trust (UKT)

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Thursday 07 March, 2002

3i UK Select Trust

Holding(s) in Company

3i UK Select Trust Ld
7 March 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     3I UK SELECT TRUST LIMITED


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE CARROUSEL FUND


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     AS IN 2 ABOVE


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NCB TRUST LIMITED


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     6,000,000


8)   (10.49%) of issued Class


9)   Class of security

     ORDINARY 10P SHARES


10)  Date of transaction

     5.03.02


11)  Date company informed

     6.03.02


12)  Total holding following this notification

     350,471

               
13)  Total percentage holding of issued class following this notification

     0.61%



14)  Any additional information



15)  Name of contact and telephone number for queries

     TINA LYTHGOE
     01481 719516


16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification  7/03/2002

                      This information is provided by RNS
            The company news service from the London Stock Exchange