Amvescap PLC

FORM 8.1/8.3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a
separate form

for each class of securities in which dealings have been made.

Date of Disclosure 10 OCTOBER 2003

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of dealing 9 OCTOBER 2003

Dealing in ...... CALEDONIA INVESTMENTS PLC ......(name of company)

1)Class of securities (eg ordinary shares) ..... ORDINARY 5P SHARES

2) Amount bought Amount sold Price per unit

- 25,000 896p

Resultant total of the same class owned or controlled (and

3)percentage of class) ......... 853,000 .......... (1.17%)

4)Party making disclosure............... AMVESCAP PLC

5)EITHER (a) Name of purchaser/vendor (Note 1)

OR (b) If dealing for discretionary client(s), name of fund

management organisation

............................. AMVESCAP PLC

6)Reason for disclosure (Note 2)

(a) associate of (i) offeror (Note 3) NO

(ii) offeree company NO

Specify which category or categories of associate (1-8 overleaf)

If category (8), explain

(b) Rule 8.3 (ie disclosure because of ownership or control of 1%

or more of the class of relevant securities dealt in) YES

Signed, for and on behalf of the party named in (4) above ..... R. CLYDE

(Also print name of signatory) .......... ROBERT CLYDE

Telephone and extension number .......... 020 7065 3720

Note 1. Specify owner, not nominee or vehicle company. If relevant, also

identify controller of owner, eg where an owner normally acts on instructions of

a controller.

Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3. Specify which offeror if there is more than one.

Note 4. When an arrangement exists with any offeror, with the offeree company or
with an

associate of any offeror or of the offeree company in relation to relevant

securities, details of such arrangement must be disclosed, as required by Note 6

on Rule 8.

Note 5. It may be necessary, particularly when disclosing derivative
transactions, to

append a sheet to this disclosure form so that relevant information can be

given.

Note 6. In the case of an average price bargain, each underlying trade should be

disclosed.

For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact

the Panel on Takeovers and Mergers, Monitoring Section, Tel No: 020 7638 0129.
Email:

monitoring@disclosure.org.uk





DEFINITION OF ASSOCIATE 

It is not practicable to define associate in terms which would cover
all the different relationships which may exist in an offer. The term
associate is intended to cover all persons (whether or not acting in
concert) who directly or indirectly own or deal in the shares of an
offeror or the offeree company in an offer and who have (in addition
to their normal interests as shareholders) an interest or potential
interest, whether commercial, financial or personal, in the outcome of
the offer. Without prejudice to the generality of the foregoing, the
term associate will normally include the following:-- (1) an offeror's
or the offeree company's parent, subsidiaries and fellow subsidiaries,
and their associated companies, and companies of which such companies
are associated companies (for this purpose ownership or control of 20%
or more of the equity share capital of a company is regarded as the
test of associated company status); (2) banks and financial and other
professional advisers (including stockbrokers)* to an offeror, the
offeree company or any company covered in (1), including persons
controlling#, controlled by or under the same control as such banks,
financial and other professional advisers; (3) the directors (together
with their close relatives and related trusts) of an offeror, the
offeree company or any company covered in (1); (4) the pension funds
of an offeror, the offeree company or any company covered in (1); (5)
any investment company, unit trust or other person whose investments
an associate manages on a discretionary basis, in respect of the
relevant investment accounts; (6) a person who owns or controls 5% or
more of any class of relevant securities (as defined in paragraphs (a)
to (d) in Note 2 on Rule 8) issued by an offeror or an offeree
company, including a person who as a result of any transaction owns or
controls 5% or more. When two or more persons act pursuant to an
agreement or understanding (formal or informal) to acquire or control
such securities, they will be deemed to be a single person for the
purpose of this paragraph. Such securities managed on a discretionary
basis by an investment management group will, unless otherwise agreed
by the Panel, also be deemed to be those of a single person (see Note
8 on Rule 8); and (7) a company having a material trading arrangement
with an offeror or the offeree company. Paragraphs (1)-(7) are typical
cases. Paragraph (8) below is a category to cover associate status not
within (1)-(7). (8) Other.

Notes 
* References to a "bank" do not apply to a bank whose sole
relationship with a party to an offer is the provision of normal
commercial banking services or such activities in connection with the
offer as confirming that cash is available, handling acceptances and
other registration work. References to "financial and other
professional advisers (including stockbrokers)", in relation to a
party to an offer, do not include an organisation which has stood
down, because of a conflict of interest or otherwise, from acting for
that party in connection with the offer. If the organisation is to
have a continuing involvement with that party during the offer, the
Panel must be consulted. Unless the Panel is satisfied that the
involvement is entirely unconnected with the offer, the above
exclusion will not normally apply. # The normal test for whether a
person is controlled by, controls or is under the same control as
another person will be by reference to the definition of control
contained in the Code. There may be other circumstances which the
Panel will regard as giving rise to such a relationship (eg where a
majority of the equity share capital is owned by another person who
does not have a majority of the voting rights); in cases of doubt, the
Panel should be consulted.