FORM 8.3

   DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT
                                    SECURITY
              (Rule 8.3 of The City Code on Takeovers and Mergers)

Name of purchaser/vendor *     JP MORGAN FLEMING ASSET MANAGEMENT LTD
Company dealt in               FENNER PLC
Relevant security dealt in     ORDINARY SHARES
If a connected EFM, name of    N/A
offeree/offeror with which
connected
If a connected EFM, nature of  N/A
connection #
Date of dealing                26/04/05

DEALINGS 

Amount bought                  Price per unit (currency must be stated)

                               


Amount sold                    Price per unit (currency must be stated)

93,000                         131.00p  (GBP)


Resultant total amount and     4,384,810
percentage of the same         4.04%
relevant security owned or
controlled
     
IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED?           NO

Date of disclosure             27/04/05
Contact name                   Alexander Armstrong
Telephone number               0207 777 0424

*Specify the owner or controller in addition to the person dealing.  The naming
 of nominees or vehicle companies is insufficient.  In the case of disclosure
 of dealings by fund managers on behalf of discretionary clients, the clients
 need not be named.
#See the definition of connected fund managers and principal traders in the
 Definitions Section of the Code.
If disclosing dealings/holdings in derivatives or options, please attach
 Supplemental Form 8 (Derivative) or Supplemental Form 8 (Option), as
 appropriate.

For  details of the Codes dealing disclosure requirements, see Rule 8  and  its
Notes   which   can   be   viewed   on   the   Takeover   Panels   website   at
www.thetakeoverpanel.org.uk.



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