Warburg Dillon Read - EMM Disclosure

RNS Number:2219G
Warburg Dillon Read
25 February 2000

                                                          FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the 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       WARBURG DILLON READ
..............................................................................

Date of disclosure        25 February 2000
..............................................................................

Contact Name       Roger Bradley
..............................................................................

Telephone number       0171 568 5846
..............................................................................

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

BRITANNIC PLC ORDINARY

BTP PLC ORDINARY

CARLTON COMMUNICATIONS PLC 5.5P (NET) CUM CNV PRF

CARLTON COMMUNICATIONS PLC 6.5P (NET) CUM CNV RED PRF 5P

CARLTON COMMUNICATIONS PLC ORDINARY

CARLTON COMMUNICATIONS PLC CONTRACT FOR DIFFERENCE

COURTAULDS TEXTILES PLC ORDINARY

COURTAULDS TEXTILES PLC CONTRACT FOR DIFFERENCE

_______________________________________
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 disclosure requirements see Rules 8 and 38 of the Code. If
in doubt contact the Monitoring Section of the Panel, Tel No: 0171 638 0129


                                                                   FORM 38.5

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



Dealing in       BRITANNIC PLC       (name of company)
..............................................................................

Class of Security       ORD GBP0.05       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       UNITED ASSURANCE GROUP PLC
..............................................................................


Total Number of securities bought       0
       ......................................................

Highest price paid*       0       GBP
       ......................................................

Lowest price paid*       0       GBP
       ......................................................


Total number of securities sold       2,662
       ......................................................

Highest price received*       793       GBP
       ......................................................

Lowest price received*       793       GBP
       ......................................................


*Currency must be stated



                                                              FORM 38.5

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



Dealing in       BTP PLC       (name of company)
..............................................................................

Class of Security       ORD 10P       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       BTP PLC
..............................................................................


Total Number of securities bought       51,487
       ......................................................

Highest price paid*       592       GBP
       ......................................................

Lowest price paid*       588       GBP
       ......................................................


Total number of securities sold       50,001
       ......................................................

Highest price received*       593       GBP
       ......................................................

Lowest price received*       592       GBP
       ......................................................


*Currency must be stated



                                                             FORM 38.5

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



Dealing in       CARLTON COMMUNICATIONS PLC       (name of company)
..............................................................................

Class of Security       5.5P(NET)CUM CNV PRF       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       CARLTON COMMUNICATIONS PLC
..............................................................................


Total Number of securities bought       4,500
       ......................................................

Highest price paid*       211       GBP
       ......................................................

Lowest price paid*       211       GBP
       ......................................................


Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received*       0       GBP
       ......................................................


*Currency must be stated



                                                                FORM 38.5

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



Dealing in       CARLTON COMMUNICATIONS PLC       (name of company)
..............................................................................

Class of Security       6.5P(NET)CUM CNV RED PRF 5P       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       CARLTON COMMUNICATIONS PLC
..............................................................................


Total Number of securities bought       34,164
       ......................................................

Highest price paid*       194.5       GBP
       ......................................................

Lowest price paid*       192       GBP
       ......................................................


Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received*       0       GBP
       ......................................................


*Currency must be stated



                                                               FORM 38.5

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



Dealing in       CARLTON COMMUNICATIONS PLC       (name of company)
..............................................................................

Class of Security       ORD 5P       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       CARLTON COMMUNICATIONS PLC
..............................................................................


Total Number of securities bought       87,313
       ......................................................

Highest price paid*       757       GBP
       ......................................................

Lowest price paid*       735       GBP
       ......................................................


Total number of securities sold       92,100
       ......................................................

Highest price received*       756       GBP
       ......................................................

Lowest price received*       746.5       GBP
       ......................................................

*Currency must be stated



                                                             FORM 38.5

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



Dealing in       CARLTON COMMUNICATIONS PLC       (name of company)
..............................................................................

Class of Security       CONTRACT FOR DIFFERENCE
..............................................................................

Expiry       10 NOVEMBER 2000
..............................................................................

Client       BOUGHT TO CLOSE
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       CARLTON COMMUNICATIONS PLC
..............................................................................


Total Number of securities bought       0
       ......................................................

Highest price paid*              GBP
       ......................................................

Lowest price paid*              GBP
       ......................................................


Total number of securities sold       14,000
       ......................................................

Highest price received*       744       GBP
       ......................................................

Lowest price received*       744       GBP
       ......................................................

*Currency must be stated




                                                              FORM 38.5

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



Dealing in       COURTAULDS TEXTILES PLC       (name of company)
..............................................................................

Class of Security       ORD 25P       
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       COURTAULDS TEXTILES PLC
..............................................................................


Total Number of securities bought       162,100
       ......................................................

Highest price paid*       128.5       GBP
       ......................................................

Lowest price paid*       128       GBP
       ......................................................


Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received*       0       GBP
       ......................................................


*Currency must be stated
 



                                                                FORM 38.5

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



Dealing in       COURTAULDS TEXTILES PLC       (name of company)
..............................................................................

Class of Security       CONTRACT FOR DIFFERENCE
..............................................................................

Expiry       24 NOVEMBER 2000
..............................................................................

Client       BOUGHT TO OPEN
..............................................................................

Date of disclosure       25-Feb-00
..............................................................................

Date of dealing       24-Feb-00
..............................................................................

Name of EMM       WARBURG DILLON READ
..............................................................................

Name of offeree / offeror with whom connected       COURTAULDS TEXTILES PLC
..............................................................................


Total Number of securities bought       0
       ......................................................

Highest price paid*              GBP
       ......................................................

Lowest price paid*              GBP
       ......................................................


Total number of securities sold       150,000
       ......................................................

Highest price received*       129       GBP
       ......................................................

Lowest price received*       129       GBP
       ......................................................

*Currency must be stated

END

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