RNS Number:9771Q
Schroder Investment Management Ltd
16 October 2003


                                                                    FORM 8.1/8.3
Date of Disclosure: 16/10/03

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

                             ON TAKEOVERS AND MERGERS


Date of Dealing:     15/10/03

Dealing in:     CALEDONIA INVESTMENTS PLC

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 10p SHARES

(2) Amount bought                     Amount sold             Price per unit (p)

    50,000                                                    905

(3)     Resultant total of the same class owned or controlled:     3,577,704

        Percentage of class:      4.927%

(4)     Party making disclosure:     SCHRODER INVESTMENT MANAGEMENT LIMITED

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

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

                           SCHRODER INVESTMENT MANAGEMENT LIMITED

6. Reason for disclosure (Note 2)


    (a) associate of     (i) offeror (Note 3)        NO
                         (ii) offeree company        YES

    Specify which category or categories of associate (1-8 overleaf):     6

    If category (8), explain:

    (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more 
        of the class of relevant securities dealt in).        YES


Signed on behalf of the party named in (4) above: ..............................

(Also print name of signatory): Duncan Murray

Telephone and extension number: 020 7658 2962



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