Rule 8 - Raft Int'l PLC

RNS Number:2813Q
Paul Scott
29 September 2003



                                  Date of Disclosure     29/09/2003

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

Date of dealing     29/09/2003

Dealing in     RAFT INTERNATIONAL PLC      (name of company)

1)  Class of securities (eg ordinary shares)    ORDINARY SHARES

2)  Amount bought                Amount sold             Price per unit
     25,000                                                  25.0P
     50,000                                                  25.5P


3)  Resultant total of the same class owned or controlled 
    (and percentage of class)     800,000       (1.2%) (IN ADDITION, CFD'S HELD,
                                                        SEE NOTE BELOW)


4) Party making disclosure    PAUL SCOTT


5)  EITHER (a) Name of purchaser/vendor (Note 1)   PAUL SCOTT 
    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) 

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  N/A  

(Also print name of signatory)      PAUL SCOTT

Telephone and extension number      07973 883981


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 which 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, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

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

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026



ADDITIONAL NOTE

FORM 8 ENCLOSURE

A PURCHASE OF A LONG CFD CONTRACT WILL REALISE A GAIN IF THE PRICE OF THE 
UNDERLYING SECURITY GOES UP.  A SELLER OF A CFD CONTRACT WILL REALISE A GAIN IF
THE PRICE OF THE UNDERLYING SECURITY GOES DOWN.

THE CFD CONTRACTS SHOWN BELOW ARE OPEN-ENDED AND THERE IS NO ROLLOVER INTO NEW
CONTRACTS.

PRODUCT NAME          DATE EXECUTED     BUY/SELL NO. SHARES      PRICE

LONG CFD               06/06/2003       BUY              200,000      8.125P
LONG CFD               11/06/2003       BUY               50,000      11.5P
LONG CFD               29/07/2003       BUY               50,000      13.0P

TOTAL                                                    300,000




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

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