EPT Disclosure

RNS Number:0322M
Collins Stewart Limited (EPT)
09 May 2005

                                                                       FORM 38.5



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

             (Rule 38.5 of The City Code on Takeovers and Mergers)




Name of exempt principal trader                         Collins Stewart Ltd


Company dealt in                                        Fenner


Relevant security dealt in                              Ordinary GBP0.25


Name of offeree/offeror with whom connected             Fenner


Nature of connection #                                  Connected Advisor


Date of dealing                                         06 May 2005








Total number of securities bought                       NIL




Highest price paid (currency must be stated)            0p




Lowest price paid (currency must be stated)             0p








Total number of securities sold                         50000




Highest price paid (currency must be stated)            124.376p




Lowest price paid (currency must  be stated)            124.376p










Date of disclosure                                      9 May 2005


Contact name                                            Damian Fernandez


Telephone number                                        02075388327





#  See the definition of "connected fund managers and principal traders" in the
Definitions Section of the Code.



For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5
and their Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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