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01 July 2003

Dealing By Directors

It has been confirmed today that on 30 June 2003 the following directors acquired shares under the "FreeShares" element of the Company's All-Employee Share Plan at a price of 307.65p. These shares are registered in the name of Lloyds TSB Registrars Corporate Nominee Limited and may remain in the Plan as long as the director continues to be an employee.

NAME NUMBER OF SHARES GRANTED TOTAL NUMBER OF SHARES HELD UNDER OPTION FOLLOWING THIS NOTIFICATION
ROGER HOLMES
71 293,677
JUSTIN KING
71 67,359
DAVID NORGROVE
71 92,524
LAUREL-POWERS FREELING
71 67,539
ALISON REED
71 142,468
LUC VANDEVELDE
71 882,757

Vittorio Radice has today acquired 67,479 shares in his own name, bringing his total holding to 132,745 shares. When Vittorio was appointed on 3 March 2003, he was awarded shares to the value of £665,000 in compensation for the loss of outstanding Long Term Incentive Plans with his previous employer. This is the first tranche of the award to be released, the second and third tranches to be made in July 2004 and July 2005, subject to continuing employment.

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