RNS Number:3232L
Ferraris Group PLC
20 May 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FERRARIS GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

EAGLET INVESTMENT TRUST PLC

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.

HSBC GLOBAL CUSTODY NOMINEES LTD
ACCOUNT DESIGNATE EAGLET

5)   Number of shares/amount of stock acquired.



6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

350,000

8)   ( 1.15%) of issued Class

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

18/5/03

11)  Date company informed

20/5/03

12)  Total holding following this notification

1,188,802
               
13)  Total percentage holding of issued class following this notification

3.91%

14)  Any additional information

-

15)  Name of contact and telephone number for queries

S G DIGHTON
0121 782 6000

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

     Date of Notification .....19 MAY 2003......



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

END
HOLEAASEAFDDEFE