DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing – 09/04/03
Dealing in RENEURON HOLDINGS
1) Class of securities (eg ordinary shares) ORDINARY 10P SHARES
2) Amount bought Amount sold Price per unit
3) Resultant total of the same class owned or controlled (and percentage of class) 500,000 ( 1.39 %)
4) Party making disclosure PAUL FELLERMAN
5) EITHER (a) Name of purchaser (Note 1) PAUL FELLERMAN
OR (b) if dealing for discretionary client(s), name of fundmanagement organisation
6) Reason for disclosure (Note 2)
a) associate of (i) offeror (Note 3) NO
(ii) offeree company NO
Specify which category or categories of associate (1-8 overleaf)
If category (8), explain
(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in) YES
Signed, for and on behalf of the party named in (4) above N/A
(Also print name of signatory) PAUL FELLERMAN
Telephone and extension number 020 8959 0959
Note 1. Specify owner, not nominee or vehicle company. If relevant, also identify controller of owner, eg where an owner normally acts on instructions of a controller.
Note 2. Disclosure might be made for more than one reason; if so, state all reasons.
Note 3. Specify which offeror if there is more than one.
Note 4. When an arrangement exists with any offeror, with the offeree company or which an associate of any offeror or of the offeree company in relation to relevant securities, details of such arrangement must be disclosed, as required by Note 6 on Rule 8
Note 5. It may be necessary, particularly when disclosing derivative transactions, to append a sheet to this disclosure form so that relevant information can be given.
Note 6. In the case of an average price bargain, each underlying tradeshould be disclosed.
For full details of disclosure requirements, see Rule 8 of the Code. If in doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026.