RNS Number:2373J
SG Investment Management Ltd
26 March 2003

                                                                    FORM 8.1/8.3

Lodge with Company Announcements Office and Newstrack, if appropriate, and the
Takeover Panel. Use separate form for each class of securities in which dealings
have been made.

                                                             Date of disclosure:

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Date of dealing 25 March 2003

Dealing in.(name of company) Lombard Medical Plc

(1)     Class of securities (eg ordinary shares) ORD
(2)     Amount bought                 Amount sold                           Price per unit (#)
           250,000                                                                0.0375




                                        (3)     Resultant total of the same
                                        class owned or controlled (and % of
                                        class) Holding 600,000 ( 1.109%)

(4)     Party making disclosure SG Investment Management Ltd

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

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

          SG Investment Management Ltd....

(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



.............................................................

Fiona Ritchie

020 7597 3151

                     ______________________________________


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