Rule 8.3 - BBI Holdings plc

    


MKM Longboat Multi-Strategy Master Fund Ltd.



                                    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

                         (Rule 8.3 of the Takeover Code)

1. KEY INFORMATION

Name of person dealing (Note 1)                  MKM Longboat Multi-
                                                  Strategy Master Fund
                                                  Ltd.
------------------------------------------------ ---------------------
Company dealt in                                 BBI Holdings plc
------------------------------------------------ ---------------------
Class of relevant security to which the dealings 2.5p Ordinary Shares
 being disclosed relate (Note 2)
------------------------------------------------ ---------------------
Date of dealing                                  12 December 2007
------------------------------------------------ ---------------------

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                                   Long              Short
------------------------------------------- ------------------- ---------------
                                            Number          (%) Number      (%)
------------------------------------------- ------------------- ---------------
(1) Relevant securities
------------------------------------------- ------------------- ---------------
(2) Derivatives (other than options)        4,898,899    11.41%
------------------------------------------- ------------------- ---------------
(3) Options and agreements to purchase/sell
------------------------------------------- ------------------- ---------------
Total                                       4,898,899    11.41%
------------------------------------------- ------------------- ---------------

(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

Class of relevant security:                          Long               Short
-------------------------------------------- -------------------- ------------------
                                             Number           (%) Number         (%)
-------------------------------------------- -------------------- ------------------
(1) Relevant securities
-------------------------------------------- -------------------- ------------------
(2) Derivatives (other than options)
-------------------------------------------- -------------------- ------------------
(3) Options and agreements to purchase/sell
-------------------------------------------- -------------------- ------------------
Total
-------------------------------------------- -------------------- ------------------

(c) Rights to subscribe (Note 3)

Class of relevant security:                Details
------------------------------------------ ---------------------------

------------------------------------------ ---------------------------

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale   Number of securities      Price per unit (Note 5)
--------------- ------------------------- ----------------------------

--------------- ------------------------- ----------------------------

(b) Derivatives transactions (other than options)

Product name,      Long/short (Note 6)       Number of securities (Note 7)    Price per unit (Note 5)
e.g. CFD
------------------ ------------------------- -------------------------------- -----------------------------
CFD                Long                      250,000                          1.86 GBP
------------------ ------------------------- -------------------------------- -----------------------------
CFD                Long                      800,000                          1.86 GBP
------------------ ------------------------- -------------------------------- -----------------------------

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name,       Writing, selling,  Number of securities  Exercise Type, e.g.  Expiry Option money
e.g. call option     purchasing,        to which the option  price     American,  date   paid/received per
                     varying etc.       relates (Note 7)               European           unit (Note 5)
                                                                       etc.
------------------- ------------------ --------------------- -------- ----------- ------ ------------------

------------------- ------------------ --------------------- -------- ----------- ------ ------------------

(ii) Exercising

Product name, e.g. call option   Number of securities Exercise price per unit (Note 5)
-------------------------------- -------------------- ---------------------------------

-------------------------------- -------------------- ---------------------------------

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)      Details         Price per unit (if applicable)(Note 5)
----------------------------------- --------------- ----------------------------------------

----------------------------------- --------------- ----------------------------------------

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other
 person relating to the voting rights of any relevant securities under any option referred to on this
 form or relating to the voting rights or future acquisition or disposal of any relevant securities to
 which any derivative referred to on this form is referenced. If none, this should be stated.
---------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------

Is a Supplemental Form 8 attached? (Note 9)                           No

Date of disclosure                                                   13 December 2007
-------------------------------------------------------------------- -------------------------------------
Contact name                                                         Kevin Krist
-------------------------------------------------------------------- -------------------------------------
Telephone number                                                     020 7851 0609
-------------------------------------------------------------------- -------------------------------------
If a connected EFM, name of offeree/offeror with which connected
-------------------------------------------------------------------- -------------------------------------
If a connected EFM, state nature of connection (Note 10)
-------------------------------------------------------------------- -------------------------------------

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk