Pictet British Inv. - Holding by Kleinwort Benson

RNS No 4318h
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.

GUERNSEY 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

100,000

8)  (0.2314%) of issued Class

9)  Class of security

ORDINARY 1P

10) Date of transaction

28/29 JULY 1997

11) Date company informed

7 AUGUST 1997

12) Total holding following this notification

1,784,523

13) Total percentage holding of issued class following this notification

4.129%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

A H RENTSCH OR S J BIGNELL  01534 613000

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

    Date of Notification.....07.08.97...........


END