Rule 8 - I Feel Good Holdings

RNS Number:5095K
Merrill Lynch International PLC
29 April 2003


                                                                    FORM 8.1/8.3

Lodge with Company Announcements Office (which will publicise and copy to the
Panel). Use separate form for each class of securities in which dealings have
been made.

                    Date of disclosure...29th April, 2003

      DISCLOSURE UNDER RULES 8.1 (a), 8.1 (b) AND 8.3 OF THE CITY CODE ON 
                            TAKEOVERS AND MERGERS

Date of dealing :          25th April, 2003

Dealing in:        I Feel Good Holdings Plc              (name of company)

(1) Class of securities (e.g. ordinary shares)       Ordinary

(2) Amount bought                     Amount Sold               Price per unit

                                      250,000                   0.06

(3) Resultant total of the same class owned or controlled     1,084,281; (1.70%)
    (and percentage of class)

(4) Party making disclosure:           Merrill Lynch International Plc

5. EITHER (a) Name of purchaser/vendor (Note 1)  Merrill Lynch International Plc

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

(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          N/A

If category (8), explain


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

Signed, for and on behalf of the party named in (4) above

(Also print in name of signatory)        Alasdair Coutts-Britton

Telephone and extension number           0207 996 3565

Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.

Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3. Specify which offeror if there is more than one.

Note 4. When an arrangement exists with any offeror, with the offeree company or
with an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8.

Note 5. It may be necessary, particulary when disclosing derivative
transactions, to append a sheet to this disclosure form so that all relevant
information can be given.

Note 6. In the case of an averge price bargain, each underlying trade should be
disclosed.


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