SAR - Incisive Media PLC

RNS Number:1045Q
Schroder Investment Management Ltd
24 September 2003

                                                                      FORM SAR 5

Lodge with Company Announcements Office and Newstrack, if appropriate, and the
Takeover Panel. A copy must also be sent to the company the shares of which are
being sold.

Date of disclosure:     24/09/03

      DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
                        ACQUISITIONS OF SHARES ("SARs")

Date of sale     23/09/03

Sale of          Incisive Media plc

                                   
1)  Class of voting shares          Number of shares/rights over           If rights over shares sold, as
    (e.g. ordinary shares)          shares sold                            opposed to the shares themselves,
                                                                           specify nature of rights

    Ordinary 1p shares                        400,000     shares

                                                          rights


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

    14,666,017 (17.694%)                                    ( %)           17.694%



(3) Party making disclosure     Schroder Investment Management Limited

                                                      
4)  (a) Name of person selling shares                 Schroder Investment Management Limited on behalf of
        or rights over shares and, if different,      institutional clients on a non-beneficial basis
        beneficial owner

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


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

(Also print name of signatory)     Alison Dunn

Telephone and extension number     020 7658 2959 (Direct line)

                          ___________________________

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, Tel. No.: 020
7638 0129.


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