SAR - I FEEL GOOD PLC

    FORM SAR 3

Date of disclosure:                 6th May 2003 


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


Date of Acquisition:         6th May 2003

Acquisition in:              I Feel Good (Holdings) PLC


(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 shares          500,000 shares


(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)

    1,000,000...(1.56%)                                1.56%


(3) Party making disclosure:                           VFT Ltd



(4) (a)Name of person acquiring shares         
       or rights over shares:                          VFT Ltd

       and, if different, beneficial owner:    

    (b)Names of any other persons acting by
       agreement or understanding (see SAR 5): N/A



Signed, for and on behalf of the party 
named in (3) above:                                    R. Lemer Esq

(Also print name of signatory):                        R. Lemer Esq

Telephone and extension number:                        020 7684 4702



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.

ends