Pictet British Inv. - Hldg by Kleinwort Benson Grp

RNS No 9331w
PICTET BRITISH INVESTMENT COMPANY LIMITED

                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

PICTET BRITISH INVESTMENT COMPANY LIMITED

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

KLEINWORT BENSON GROUP PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

KLEINWORT BENSON GROUP PLC

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

GEURNSEY NOMINEES LIMITED

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

425,420

8)  (0.984%) of issued Class

9)  Class of security

ORDINARY 1P

10) Date of transaction

26-6-97

11) Date company informed

2-7-97

12) Total holding following this notification

1,983,028

13) Total percentage holding of issued class following this notification

4.59%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

A M RENTSCH  01534 613000

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification........3-7-97..........


END