SAR - Highway Insurance Hldgs

RNS Number:4694J
J O Hambro Capital Management Ld
01 April 2003

FORM SAR 3

Lodge with Company Announcements Office and the Panel.  A copy must also be sent
to the company the shares of which are acquired.

Date of disclosure.1 APRIL 2003..................

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


Date of acquisition...31 MARCH 2003..................................

Acquisition in..HIGHWAY INSURANCE HOLDINGS PLC............(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ..ORDINARY..........      .800,000....shares       ...N/A........
                              .N/A..........rights


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

    ..36,417,605..(18.06%)    ..N/A.........(    %)      ..18.06%...


(3) Party making disclosure..J O HAMBRO CAPITAL MANAGEMENT LIMITED.......

(4)  (a)  Name of person acquiring shares or rights over shares ..AS ABOVE
          and, if different, beneficial owner.........

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

    COMPANIES INVESTMENT TRUST PLC, ORYX INTERNATIONAL

    GROWTH FUND LIMITED



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

(Also print name of signatory)..BONITA DRYDEN..........................

Telephone and extension number..020 7747 5681.........................

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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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