SAR - Chesnara

    FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are acquired.

Date of disclosure

1st March 2005                                                                 

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING

SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

Date of acquisition

1st March 2005                                                                 

Acquisition in (name of company)

Chesnara plc                                                                   

1. Class of voting shares (eg ordinary shares)

Ordinary shares of 5p                                                          

Number of shares/rights over shares acquired

408,000                       Shares                                   Rights  

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights



2. Resultant total holding of voting shares (and % of total voting shares in
issue)

16,469,638                              19.475%                                

Resultant total holding of rights over shares (and % of total voting shares in
issue)

N/a                                     %                                      

Total percentage

19.475%                                                                        

3. Party making disclosure

Dresdner Kleinwort Wasserstein Group Limited                                   

4. (a) Name of person acquiring shares or rights over shares

Veer Palthe Voute NV                                                           

and, if different, beneficial owner



(b) Names of any other persons acting by agreement or understanding (see SAR 5)



Signed, for and on behalf of the party named in (3) above



(Also print name of signatory)

Peter Longcroft James Wall                                                     

Telephone and extension number

020 7475 2194                                                                  

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section. Tel. No: 020 7638 0129.

Email:[e-mail]



END