SAR 5 - Asfare Group Plc

RNS Number:4383Y
Singer & Friedlander Invest Man Ld
15 February 2006

                                                                      FORM SAR 5



                            DISCLOSURE OF DISPOSALS
       (Rule 5 of The Rules Governing Substantial Acquisitions of Shares)



Name of seller                                  Singer & Friedlander Investment 
                                                Management Ltd


Beneficial owner, if different from above


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


Company dealt in                                Asfare Group Plc


Class of voting shares (eg ordinary shares)     Ordinary Shares


Date of disposal                                14.02.2006





Number of shares disposed of                    39,853.00

Number of rights over shares disposed of #

Nature of rights over shares




Total holding of voting shares (and percentage  856,519.00 shares held - (17.440%)
of total voting shares in issue)

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

Combined total holding (and percentage) of
voting shares and rights over shares





Date of disclosure                              15.02.2006

Contact name                                    Lauchlan MacKinnon

Telephone number                                0207 523 5077




#  See the definition of "rights over shares" in the Definitions Section of the
SARs.



For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.




                      This information is provided by RNS
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