EMM Disclosure

RNS Number:0120F
SG Securities (London) Limited
11 June 2001


                                                           FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.



CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM               SG Securities (London) Limited

Date of disclosure    11/06/01.......................................

Contact name          Laurence Tempany...............................

Telephone number      020 7522 1506.................................

Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

Oasis Stores Plc.......................................................

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AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:

........................................................................

........................................................................

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In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option,
the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received. For derivative
this should include, at least, the number of reference securities to which
they relate (when relevant), the maturity date (or if applicable the closing
out date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the
Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638
0129




FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in      Oasis Stores plc.......................(name of company)

Class of security        Ordinary...................................

Date of disclosure       11/06/01...................................

Date of dealing          08/06/01...................................

Name of EMM              SG Securities (London) Ltd ................

Name of offeree/offeror with whom connected.....Oasis Stores plc...


Total number of securities purchased     54,000

Highest price paid*                    1.06 GBP

Lowest price paid*                     1.05 GBP



Total number of securities sold            30,000

Highest price received*                  1.07 GBP

Lowest price received*                   1.07 GBP



*Currency must be stated