Rule 8.3- Asfare Group

RNS Number:2842U
Singer & Friedlander Invest Man Ld
17 November 2005

                                                                        FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)

     
1.   KEY INFORMATION

Name of person dealing  (Note 1)               Singer & Friedlander Investment Management Ltd
Company dealt in                               Asfare Group
Class of relevant security to which the        Ordinary shares
dealings being disclosed relate (Note 2)
Date of dealing                                16/11/2005

     
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  - Ordinary Shares     918227.0  18.697

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total                                          918227.0  18.697

     
(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)

Placement                              311,111.0                             N/a


     
(b)  Derivatives transactions (other than options)

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


     
(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying


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

     
(ii) Exercising

Product name, e.g. call option         Number of securities                  Exercise price per unit (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                                                17/11/2005

Contact name                                                      Lauchlan MacKinnon

Telephone number                                                  0207 523 5077

If a connected EFM, name of offeree/offeror with which connected

If a connected EFM, state nature of connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk



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