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Monday 09 May, 2005

Carrousel Capital Ld

SAR 5 - TR Euro. Growth-Amend

Carrousel Capital Limited
9 May 2005


The 'SAR 5 - TR European Growth' announcement released today at 13:09 under 
RNS No 0490M has been amended.

Amendments are identified with an asterisk (*).

The full amended text is shown below.



                                                      FORM SAR 5


                                       Date of disclosure     9TH MAY 2005

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

                 
Date of sale      N/A

Sale of           TR EUROPEAN GROWTH                           (name of company)


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

    ORDINARY                  ...N/A..........shares    .....................
                              ................rights


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

    ............(11.25%)(*)   ...............(    %)    ..........(11.25%)(*)


(3) Party making disclosure      CARROUSEL CAPITAL LIMITED  

(4)  (a)  Name of person selling shares or rights over shares 
          CARROUSEL CAPITAL LIMITED

          and, if different, beneficial owner............................... 

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


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

(Also print name of signatory)       BRUNO SANGLE - FERRIERE

Telephone and extension number       0207 823 7025


Note: The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.

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


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