Rule 8.1- Aquilo plc

RNS Number:2644M
Noble VCT PLC
17 November 2006


                                    FORM 8.1

          DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

                  FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

                 (Rules 8.1(a) and (b)(i) of the Takeover Code)



1. KEY INFORMATION

Name of person dealing (Note 1)                     Noble VCT plc

Company dealt in                                    Aquilo PLC
Class of relevant security to which the dealings
being disclosed relate (Note 2)                     Ordinary 1p shares

Date of dealing                                     16 November 2006
                                                                 



2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                                  Long                Short
                                               Number  (%)          Number (%)
(1) Relevant securities                    34,267,118 7.59
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total                                      34,267,118 7.59


(b) Interests and short positions in relevant securities of the company, 
other than the class dealt in (Note 3)

Class of relevant security:                           Long          Short
                                                   Number (%)     Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total


(c) Rights to subscribe (Note 3)

Class of relevant security:                       Details





3. DEALINGS (Note 4)


(a) Purchases and sales

Purchase/sale    Number of securities          Price per unit (Note 5)
Purchase         2,521,563                     1.2p



(b) Derivatives transactions (other than options)

Product   Long/short         Number of securities      Price per unit
name      (note 6)           (note 7)                  (note 5)             
e.g. CFD



(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,      Number of        Exercise Type,e.g. Expiry Option money
name,   selling,      securities to    price    American, date   paid/received
e.g.    purchasing,   which the option          European         per unit
call    varying etc.  relates (Note 7)          etc.             (note 5)   
option             
                                                               
                                                                      




(ii) Exercising

Product name, e.g.  Number of         Exercise price per unit 
call option         securities        (note 5)



(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)  Details  Price per unit (if applicable)(Note 5)





4. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which 
any derivative referred to on this form is referenced. If none, this should be
stated.




Is a Supplemental Form 8 attached? (Note 9) NO



Date of disclosure         17 November 2006

Contact name               Annette Johnston

Telephone
number                     0131 225 9677

Name of offeree/offeror/   Aquilo plc
associate with which
associated
Specify category and       Noble Fund Managers, the company's manager, is part
nature of associate status of the same group as Noble & Company, the Nominated
(Note 10)                  Advisor to Aquilo plc




Notes


The Notes on Form 8.1 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk










































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