RNS Number:4243P
Robert F. Riding
28 July 2005

                                                                   FORM 8.3
  
      DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF
                             RELEVANT SECURITY
              (Rule 8.3 of The City Code on Takeovers and Mergers)


Name of purchaser/vendor *            ROBERT F.RIDING ESQ

Company dealt in                      CONISTER TRUST PLC

Relevant security dealt in            CONISTER TRUST PLC
                                      ORDINARY SHARES 25P

If a connected EFM, name of offeree/
offeror with  which connected

If a connected EFM, nature of 
connection #

Date of dealing                       28TH JULY 2005


DEALINGS +

Amount bought                    Price per unit (currency must be stated)




Amount sold                      Price per unit (currency must be stated)

50,000                           45P



Resultant total amount and percentage of the    RESULTANT HOLDING 300,000
same relevant security owned or controlled      ORDINARY SHARES = 1.05%


IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED?   NO

Date of disclosure               28TH JULY 2005

Contact name                     JAMES GILL, SAVOY INVESTMENT MANAGEMENT LTD

Telephone number                 0207 659 7489


*     Specify the owner or controller in addition to the person dealing.
      The naming of nominees or vehicle companies is insufficient.  
      In the case of disclosure of dealings by fund managers on behalf of
      discretionary clients, the clients need not be named.
#     See the definition of "connected fund managers and principal traders" 
      in the Definitions Section of the Code.
+     If disclosing dealings/holdings in derivatives or options, please 
      attach Supplemental Form 8 (Derivative) or Supplemental 
      Form 8 (Option), as appropriate.

For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.





                                                



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