Dealings by Directors

RNS Number:5411H
Savoy Asset Management PLC
14 February 2003

SAVOY ASSET MANAGEMENT PLC



DEALINGS BY DIRECTORS

14 FEBRUARY 2003



1)   NAME OF COMPANY

     SAVOY ASSET MANAGEMENT PLC



2)   NAME OF DIRECTOR

     GILLES DE SEZE



3)     Please state whether notification indicates that it is in respect of
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non-beneficial interest

     HOLDING OF DIRECTOR NAMED IN 2 ABOVE



4)   Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)

     GILLES DE SEZE



5)     Please state whether notification relates to a person(s) connected with
the director named in 2 above and identify the connected person(s)

     N/A



6)     Please state the nature of the transaction.  For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

PURCHASE OF SHARES



7)     Number of shares/amount of stock acquired

     2,500



8)   (%) of issued class

     0.02%



9)     Number of shares/amount of stock disposed

     N/A



10)  (%)of issued class

     N/A



11)  Class of security

     10p ORDINARY SHARES



12)  Price per share

85p



13)  Date of transaction

     13 FEBRUARY 2003



14)  Date company informed

     14 FEBRUARY 2003



15)  Total holding following this notification

     35,872



16)  Total percentage holding of issued class following this notification

     0.43%



OTHER INFORMATION



17)  Any additional information

     N/A



18)  Name of contact and telephone number for queries

     PAUL TARRAN          020 7659 8000



19)  Name and signature of authorised company official responsible for making
this notification

     PAUL TARRAN


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

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