EPT Disclosure

RNS Number:6710R
Collins Stewart Limited (EPT)
23 September 2005

                                                                       FORM 38.5



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

             (Rule 38.5 of The City Code on Takeovers and Mergers)




Name of exempt principal trader                         Collins Stewart Ltd

Company dealt in                                        Belhaven Group Plc


Relevant security dealt in                              Ordinary GBP0.10


Name of offeree/offeror with whom connected             Belhaven Group Plc


Nature of connection #                                  Connected Advisor


Date of dealing                                         22 September 2005



Total number of securities bought                       500




Highest price paid (currency must be stated)            620p




Lowest price paid (currency must be stated)             620p



Total number of securities sold                         Nil




Highest price paid (currency must be stated)            0p




Lowest price paid (currency must  be stated)            0p



Date of disclosure                                         23 September 2005


Contact name                                            Douglas Manuel


Telephone number                                        0207 523 8298







#  See the definition of "connected fund managers and principal traders" in the
Definitions Section of the Code.



For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5
and their Notes which can be viewed on the Takeover Panel's website at http://
www.theakeoverpanel.org.uk/.


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