RNS Number:6859M
Schroders PLC
24 June 2003





                                                                    FORM 8.1/8.3
Date of Disclosure: 24/06/03

              DISCLOSURE UNDER RULES 8.1 (a), 8.1 (b)(i), AND 8.3 OF THE CITY CODE

                             ON TAKEOVERS AND MERGERS


Date of Dealing:     23/06/03

Dealing in:     BESPAK Plc

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 10p SHARES

(2)     Amount bought              Amount sold                 Price per unit (p)

         50,000                                                      382.5

(3)     Resultant total of the same class owned or controlled:     5,934,107

        Percentage of class:      22.150%

(4)     Party making disclosure:     SCHRODERS Plc

(5)     EITHER  (a)     Name of purchaser/vendor (Note 1) :

        OR     (b)     If dealing for discretionary client(s), name of fund management organisation:

                        SCHRODERS Plc

 6. Reason for disclosure (Note 2)


    (a) associate of     (i) offeror (Note 3)               NO
                        (ii) offeree company          YES

    Specify which category or categories of associate (1-8 overleaf):

    If category (8), explain: 6

        (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more of the class of
        relevant securities dealt in).                    YES


Signed on behalf of the party named in (4) above: ......................................................
......

(Also print name of signatory): Duncan Murray

Telephone and extension number: 020 7658 2962



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