Rule 8 - Fitness First

RNS Number:6708K
Dresdner Klein. Wasserstein Grp Ltd
02 May 2003

FORM 8.1

Lodge with an RIS and the Takeover Panel. Use separate form for each class of
securities in which dealings have been made.

                                                  Date of disclosure: 2 May 2003

DISCLOSURE UNDER RULE 8.1(a) OF THE CITY CODE ON TAKEOVERS AND MERGERS


Date of dealing:  29 October 2002 (NB)


Dealing in:             Fitness First PLC


(1)  Class of securities: Ordinary shares of 12.5p each


(2)  Amount bought          Amount sold                          Price per unit

       50,000                        -                                 100p


(3)  Resultant total of the same class owned or controlled
     (and percentage of  class): 110,000 (0.095%)



(4)  Party making disclosure: Dresdner Kleinwort Wasserstein on behalf of

     ALLIANZ AG



(5)  EITHER      (a)      Name of purchaser/vendor (Note 1): An investment fund
                          of Dresdner Bank AG, a wholly owned subsidiary of Allianz AG

         OR      (b)      If dealing for discretionary client(s), name of fund
                          management organisation

(6)  Reason for disclosure (Note 2)

      (a)      associate of   (i)   offeror (Note 3)         NO
                             (ii)   offeree company          YES



      Specify which category or categories of associate (1-8 overleaf): 2



This disclosure corrects the interest of Allianz AG disclosed in the offer
document, which was understated by 50,000 shares due to an error in a database.


      (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% or more
           of the class of relevant securities dealt in)   NO



Signed, for and on behalf of the party named in (4) above .....................



(Also print name of signatory):  Robert Murdin, Compliance Director


Telephone and extension number:            020 7475 6162

                     ______________________________________



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