RNS Number:2408J
Savoy Asset Management PLC
26 March 2003

Savoy Asset Management PLC             26th March 2003



NOTIFICATION OF DIRECTORS AND OFFICERS DEALINGS IN SHARES



1)         Name of company



Savoy Asset Management PLC



2)         Name of Officer



David Kennard



3)         Please state whether notification indicates that it is in respect of

holding of the shareholder named in 2 above or in respect of a

non-beneficial interest or in the case of an individual holder if it is a

holding of that person's spouse or children under the age of 18



As in 2 above



4)         Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them



J. D. Kennard Pension Fund



5)         Number of shares/amount of stock acquired



15,000 shares



6)         Percentage of issued class



0.17838%



7)         Number of shares/amount of stock disposed



15,000



8)         Percentage of issued class



0.17838%



9)         Class of security



Ordinary Shares



10)       Date of transaction



26th March 2003



11)       Date company informed



26th March 2003



12)       Total holding following this notification



            311,232



13)       Total percentage holding of issued class following this notification



3.6725%



14        Any additional information



Transfer of shares from David Kennard to his own pension fund.  No change in
David Kennard's overall beneficial holding in Savoy Asset Management.



15)       Name of contact and telephone number for queries



            Paul Tarran- 020 7659-8000



16)       Name and signature of authorised company official responsible for
making this notification



Paul Tarran - Finance Director



Date of Notification: 26th March 2003







END


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