SAR - Low & Bonar Plc
Schroders PLC
01 November 2002
FORM SAR 3
Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are acquired.
Date of disclosure: 01/11/02
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ('SARs')
Date of acquisition 31/10/02
Acquisition in Low & Bonar PLC
Number of shares/rights over If rights over shares acquired, as
(1) Class of voting shares shares acquired opposed to the shares themselves,
(e.g. ordinary shares) specify nature of rights
50p ordinary shares 200,000 shares
rights
Resultant total holding of rights Total percentage
(2) Resultant total holding over shares (and % of total voting
of voting shares (and % of shares in issue)
total voting shares in issue)
19,918,325 ( 20.024%) (20.024%)
(3) Party making disclosure Schroders plc
(4) (a) Name of person acquiring Schroders plc on behalf of institutional clients on
shares or rights over shares and, if a non-beneficial basis
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) Alison Dunn
Telephone and extension number 020 7658 2959 (Direct line)
___________________________
Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.
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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