RNS Number:9084G
Merrill Lynch International
8 March 2000


                                                           FORM 38.5 (SUMMARY)
                                                

Lodge with Company Announcements Office and the Panel.  Use a separate form   
for each class of securities in which dealings have been made.                
                                


                       CONNECTED EXEMPT MARKET-MAKERS:                        
    DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS      
                                          



Name of EMM               Merrill Lynch International                         
          


Date of disclosure        March 8, 2000                                
  


Contact name              Linda Blatt                                   


Telephone number          0171 772 1040                                  
 


Please see attached disclosure of dealings under Rule 38.5 in the securities  
of the following companies:                                                 

                                                 
Racal Electronics plc                                                 
                                                 
BTP plc                                                 
                                                 
Ocean Group Plc                                                 
                                                 
Exel Plc                                                 


AMENDMENT                                                 

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:                  
                              
                                                 
In the case of option business or dealings in derivatives full details should 
be given on a separate sheet so that the nature of the dealings can be fully  
understood.  For options this should include the number of securities under   
option, the exercise period (or in the case of exercise, the exercise date),  
the exercise price and any option money paid or received.  For derivatives    
this should include, at least, the number of reference securities to which    
they relate (when relevant), the maturity date (or if applicable the closing  
out date) and the reference price.                                            
    

For full details of disclosure requirements see Rules 8 and 38 of the Code.   
If in doubt contact the Monitoring Section of the Panel,                      
Tel. No: 0171 638 0129                                                 
                                                 
                                                 
                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           
                                                 
                                                 
                                                 
Dealing in                      Racal Electronics plc    (name of company)      


Class of security               Ordinary                                   

Date of disclosure              8/3/2000                                   

Date of dealing                 7/3/2000                                   

Name of EMM                     Merrill Lynch International                   
                             

Name of offeree/offeror with whom connected Racal Electronics plc               
     


Total number of securities purchased                            416,479       
             
Highest price paid*                                             #4.20         
                                                 
Lowest price paid*                                              #4.19         
           
                                                 
                                                 
Total number of securities sold                                 100,000       
             
Highest price received*                                         #4.20         
           
Lowest price received*                                          #4.20         
           

                                                 
                                                 
*Currency must be stated                                                 
                                                 
                                                 

                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           


                                                 
Dealing in                      BTP plc  (name of company)       

Class of security               Ordinary                                   

Date of disclosure              8/3/2000                                   

Date of dealing                 7/3/2000                                   

Name of EMM                     Merrill Lynch International                   
                             

Name of offeree/offeror with whom connected            BTP plc
                    


Total number of securities purchased                            7,940         
           
Highest price paid*                                             #5.90         
           
Lowest price paid*                                              #5.89         
           
                                                 
                                                 
Total number of securities sold                                 1,300         
           
Highest price received*                                         #5.96         
                                                 
Lowest price received*                                          #5.96         
           

                                                 
                                                 
*Currency must be stated                                                 
                                                 


                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Ocean Group Plc  (name of company)       

Class of security               Ordinary                                   

Date of disclosure              8/3/2000                                   
                                                 
Date of dealing                 7/3/2000                                   

Name of EMM                     Merrill Lynch International                   
                             

Name of offeree/offeror with whom connected    Ocean  Group Plc                 
   


Total number of securities purchased                            19,321        
            
Highest price paid*                                             #12.00        
            
Lowest price paid*                                              #11.98        
            
                                                 
                                                 
Total number of securities sold                                 12,347        
                                                 
Highest price received*                                         #12.18        
                                                 
Lowest price received*                                          #12.02        
            


                                                 
*Currency must be stated                                                 
                                                 
                                                 
                                                 
                                                                     FORM 38.5
                                                


                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Exel Plc  (name of  company)       

Class of security               Ordinary                                   

Date of disclosure              8/3/2000                                   
                                                 
Date of dealing                 7/3/2000                                   

Name of EMM                     Merrill Lynch International                   
                             

Name of offeree/offeror with whom connected      Ocean  Group Plc               
     


Total number of securities purchased                            226,532       
             
Highest price paid*                                             #3.30         
           
Lowest price paid*                                              #3.225        
            
                                                 
                                                 
Total number of securities sold                                 169,137       
                                                 
Highest price received*                                         #3.30         
                                                 
Lowest price received*                                          #3.25         
           



*Currency must be stated                                                 


END
EMMKKFKDBBKDNNK


Bns Telecom (LSE:BTP)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Bns Telecom Charts.
Bns Telecom (LSE:BTP)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Bns Telecom Charts.