SAR - Jupiter Fin Trust

RNS Number:9187O
Dresdner Klein. Wasserstein Grp Ltd
21 August 2003


                                                                      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

21st August 2003


DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")


Date of acquisition

19th August 2003


Acquisition in (name of company)

Jupiter Financial Trust plc


1. Class of voting shares (eg ordinary shares)

Ordinary shares of 1p


Number of shares/rights over shares acquired

           425,000   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)

                                   
            12,230,000                           16.307%


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

N/a                                                 %


Total percentage

                                                                        
16.307%


3. Party making disclosure

Dresdner Kleinwort Wasserstein Group Limited

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

Merchant Investors Assurance Company Limited


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)

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]








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