Rule 8 - Amey PLC

RNS Number:1695K
Cantor Fitzgerald Europe
17 April 2003

                                                                    FORM 8.1/8.3

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

                                      Date of disclosure     17/04/03...........

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

Date of dealing     16/04/03..................................


Dealing in      Amey Plc................(name of company)


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


(2) Amount bought                 Amount sold                 Price per unit
                                  60,000                      0.32
                                  1,000,000                   0.32

In addition, Cantor Fitzgerald Europe (and affiliates) have undertaken certain
CFD and Spreadbet transactions(see below).

(3) Resultant total of the same class owned or controlled

    (and percentage of class)      1,662,555 shares*     ( 0.66%)


4.  Party making disclosure      Cantor Fitzgerald Europe.......................
    

(5) EITHER     (a)     Name of purchaser/vendor (Note 1) Cantor Fitzgerald
                       Europe........................

    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 .....................


(Also print name of signatory)     Ross Tanton...................


Telephone and extension number     020 7894 7214..............................

                     ______________________________________

*In addition, Cantor Fitzgerald Europe(and affiliates) are party to certain CFDs
and Spreadbets (see below)



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, particularly 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 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, Monitoring Section, Tel. No:
020 7638 0129. E-mail:[e-mail]



                                              Date of Disclosure: April 17, 2003

Form 8 Enclosure

Cantor Fitzgerald Europe is the beneficial owner of 1,662,555 Amey PLC ordinary
shares. 1,500,000 of these shares are held to hedge Contract for Differences
("CFD") positions for clients and 140,000 of these shares are held to hedge
Spreadbet positions between Cantor Index Limited and other clients.

A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realise a gain if the price of the underlying securities rises above the
reference price.

A Spread Bet is a product where the client to whom the product is sold can
realise a gain or a loss depending on whether the price of the underlying
security increases above or falls below the reference price. The client's Spread
bet position is described as his "stake". A "stake" is expressed in pounds
(sterling) per "point" and a "point" is the price in pence of the underlying
shares. A client with a "stake" of #100 per point will make a gain of #100 for
every penny increase in the underlying shares and he/she has an exposure
equivalent to 10,000 shares.

A purchaser of a Spread Bet or a CFD contract will realise a gain if the price
of the underlying security goes up. A seller of a Spread Bet or a CFD contract
will realise a gain if the price of the underlying security goes down.

There are no written or oral agreements between Cantor Fitzgerald Europe and any
clients concerning the control of voting rights in relation to the underlying
shares used to hedge the CFDs and Spreadbets.

The CFD contracts are open-ended and there is no rollover into new contracts



Contracts for Differences                                                  Date of Disclosure: 17-Apr-03
Amey PLC                                                 Cantor                                Reference
                                                       Fitzgerald       Underlying Number      Price
Product Name                   Date Executed            Buy/Sell            Of Shares          (pence)
Amey Plc, Long CFD                    April 14, 2003      Sell                       1,500,000              23
                                                                                     1,500,000


CFDs closed out on 16 Apr 2003                                                                                  Close
                                     Open Date                                                   Open Price     Price
Amey Plc, Long CFD                    April 14, 2003      Sell                       1,000,000              23       32



Spread Bets - Amey PLC                                   Cantor                                Reference
                                                       Fitzgerald      Stake - # per Point     Price
Expiry Date                    Date Executed            Buy/Sell        1 Point = 1 pence      (pence)
                     17-Jun-03      December 5, 2002      Sell                             400              33
                     17-Jun-03        April 14, 2003      Sell                             500            23.8
                     17-Jun-03        April 14, 2003      Sell                             500           24.24
                     16-Sep-03        April 15, 2003      Buy                              600           27.34
                     16-Sep-03        April 15, 2003      Sell                             600           27.56
                                                        Net Sell                         1,400

Spread Bets closed out
16-Apr-03                                                                                                       Close
                                     Open Date                                                   Open Price     Price
                     17-Jun-03        April 14, 2003      Sell                             300           26.25     31.8
                     17-Jun-03        April 15, 2003      Sell                              20            26.3       32
                     17-Jun-03        April 15, 2003      Sell                             300           26.77    32.21
                     17-Jun-03        April 15, 2003      Sell                             300           26.77    32.21



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