EMM Disclosure

RNS Number:8637O
Durlacher Ltd (EMM)
20 August 2003

                                 EMM DISCLOSURE

                                                             FORM 38.5 (SUMMARY)



Lodge with a RIS and the Takeover Panel.  Use a separate form for each class of
securities in which dealings have been made.



CONNECTED EXEMPT MARKET- MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Name of EMM

Durlacher Limited


Date of disclosure

20/08/2003


Contact name

Jamal Khan


Telephone number

020 7459 3600


Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:


AMENDMENT


If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:


In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date), the
exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.


For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129.
Email: [e-mail]


                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company)

Mezzanine Group


Class of security

Ordinary


Date of disclosure

20/08/2003


Date of dealing

19/08/2003


Name of EMM

Durlacher Limited


Name of offeree/offeror with whom connected

Mezzanine Group


Total number of securities purchased

265,975


Highest price paid*

#0.04 GBP


Lowest price paid*

#0.03 GBP


Total number of securities sold

572,882


Highest price received*

#0.04 GBP


Lowest price received*

#0.02 GBP


*Currency must be stated


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

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