SAR - Clarkson PLC

RNS Number:4392U
CMB Group
20 January 2004

                                                        FORM SAR 3


                                       Date of disclosure JANUARY 20, 2004

                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

                 
Date of acquisition.JANUARY 19, 2004

Acquisition in..CLARKSON PLC...(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ORDINARY                  ..50.000    ....shares    .....................
                              ...N/A..........rights


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

    2.779.634     ( 17.11%)   ...............(    %)    2.779.634 (17.11 %)


(3) Party making disclosure...CMB GROUP..............  

(4)  (a)  Name of person acquiring shares or rights over shares ............
          and, if different, beneficial owner..CMB nv AND IMI sa (100%
                                             SUBSIDIARY OF CMB nv) 

     (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)..

Telephone and extension number....00 323 247 59 12

Note 1. 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.

Note 2: The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.

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, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: [e-mail]





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