Rule 8 - Galen Holdings PLC

RNS Number:7064N
Schroders PLC
18 July 2003



                                                                    FORM 8.1/8.3
Date of Disclosure: 18/07/03

DISCLOSURE UNDER RULES 8.1 (a), 8.1 (b)(i), AND 8.3 OF THE CITY CODE

ON TAKEOVERS AND MERGERS


Date of Dealing:     17/07/03

Dealing in:     GALEN HOLDINGS Plc

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 10p SHARES

         (2) Amount bought                     Amount sold                     Price per unit (p)

                                                 262,530                              731.6

(3)     Resultant total of the same class owned or controlled:     3,949,816

        Percentage of class:      2.099%

(4)     Party making disclosure:     SCHRODERS PLC

(5)     EITHER     (a)     Name of purchaser/vendor (Note 1) :

     OR     (b)     If dealing for discretionary client(s), name of fund management organisation:

               SCHRODERS PLC

 6. Reason for disclosure (Note 2)


    (a) associate of     (i) offeror (Note 3)               NO
                        (ii) offeree company                NO

    Specify which category or categories of associate (1-8 overleaf):

        If category (8), explain:

        (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more of the class of
        relevant securities dealt in).                    YES


Signed on behalf of the party named in (4) above: ......................................................
......

(Also print name of signatory): Alison Dunn

Telephone and extension number: 020 7658 2959



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

DCCRPMLTMMTBMMJ