SAR - Low & Bonar
Schroders PLC
27 November 2001
FORM SAR 3
Lodge with Company Announcements Office (which will publicise and copy to the
Panel). A copy must also be sent to the company the shares of which are
acquired.
Reference: Date of disclosure: 27/11/01
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ('SARs')
Date of acquisition 26/11/01
Acquisition in Low and Bonar plc
Number of shares/ If rights over shares acquired, as
(1) Class of rights over shares opposed to the shares themselves,
voting shares acquired specify nature of rights
(e.g. ordinary
shares)
50p ordinary shares 500,000 shares
rights
Resultant total holding of Total
(2) Resultant total rights over shares (and % of percentage
holding of voting shares (and total voting shares in issue)
% of total voting shares in
issue)
19,337,391 ( 19.440%) (19.440%)
(3) Party making disclosure Schroders Plc
Schroders Plc on behalf of
(4) (a) Name of person institutional clients on a
acquiring shares or rights over non-beneficial basis
shares 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) Brenda Versteeg (Compliance Reporting
Assistant)
Telephone and extension number 020 7658 2962 (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
12.7.00
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