SAR - Energy Cap

RNS Number:1814R
Deutsche Bank AG London
22 October 2003

                                                                      FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are acquired.

Date of disclosure 22/10/2003




DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING

SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

Date of acquisition 17/10/2003




Acquisition in (name of company) Energy Capital Inv Company plc




1. Class of voting shares (eg ordinary shares) ordinary




Number of shares/rights over shares acquired
                656,113                                                Rights
                Shares

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights n/a




2. Resultant total holding of voting shares (and % of total voting shares in
issue)
                                                     3682617 15.86%

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

Total percentage                                     15.86%

3. Party making disclosure Deutsche Bank AG London


4. (a) Name of person acquiring shares or rights over shares n/a




and, if different, beneficial owner




(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


 Kelly Ledwich

(Also print name of signatory)


 020 7545 7804

Telephone and extension number




Note.     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.

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.

Email:[e-mail]


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