Kleinwort Benson Grp - EMM Disclosure

RNS No 8175a
KLEINWORT BENSON SECURITIES
29 October 1999


                                                           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 KLEINWORT BENSON SECURITIES LIMITED (318).........................


Date of disclosure 29/10/99...................................................


Contact name Andrew Beech.....................................................


Telephone number 0171 475 6030................................................


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


......................ORANGE PLC............................................

......................ROYAL BANK OF SCOTLAND GROUP PLC.......................

......................UNITED ASSURANCE GROUP..................................

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

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

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


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 ORANGE PLC........................................(name of company)

Class of security ORD.........................................................

Date of disclosure 29/10/99...................................................

Date of dealing 28/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

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


Total number of securities bought      780,605................................

Highest price paid                     #15.05.................................

Lowest price paid*                     #14.8475...............................



Total number of securities sold        778,371................................

Highest price received*                #15.0525...............................

Lowest price received*                 #14.61.................................


*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 ROYAL BANK OF SCOTLAND GROUP PLC..................(name of company)

Class of security ORD.........................................................

Date of disclosure 29/10/99...................................................

Date of dealing 28/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

Name of offeree/offeror with whom connected NATIONAL WESTMINSTER BANK PLC.....


Total number of securities bought      11,649.................................

Highest price paid*                    #13.52.................................

Lowest price paid*                     #12.92...............................


Total number of securities sold        8,572................................

Highest price received*                #13.1325...............................

Lowest price received*                 #13.0925...............................


*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 UNITED ASSURANCE GROUP PLC........................(name of company)

Class of security ORD.........................................................

Date of disclosure 29/10/99...................................................

Date of dealing 28/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

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


Total number of securities bought      2,007.................................

Highest price paid*                    #3.925.................................

Lowest price paid*                     #3.9075...............................



Total number of securities sold        1,747..................................

Highest price received*                #3.955.................................

Lowest price received*                 #3.935.................................


*Currency must be stated



END

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