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…………………. WestLB Panmure Limited………………………………..
Date of disclosure……………… 1st April, 2003………………………………………………
Contact name…………………… Glen Thielemans/Adam Tundervary/Lee Beasley….
Telephone number…………….. 020 7020 4642/4647/4641…………………………….
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
……………………………………… ReNeuron Holdings PLC…………………………………
……………………………………………………………………………………………………………………………………..
……………………………………………………………………………………………………………………………………..
AMENDMENT
If the attached Rule 38.5 disclosure is to amend a previous disclosure, please state which element(s) of previous disclosure was incorrect:
………………………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………
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……………………………………… ReNeuron Holdings PLC………..(name of company)
Class of security…………………………….. Ordinary Shares…………………….
Date of disclosure…………………………… 1st April, 2003………………………
Date of dealing………………………………. 31st March, 2003…………………..
Name of EMM……………………………… WestLB Panmure Limited………..
Name of offeree/offeror with whom connected..ReNeuron Holdings PLC
Total number of securities purchased….. Nil……………….
Highest price paid*…………………………. N/A…………….
Lowest price paid*…………………………. N/A…………….
Total number of securities sold …………. 250,000……….
Highest price received*…………………… 4.509p…………
Lowest price received*…………………… 4.509p…………
*Currency must be stated