RNS Number:3413J
Unicorn Asset Management Limited
28 March 2003

                                                                      FORM SAR 3


                                       Date of disclosure....28TH MARCH 2003....

                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

                 
Date of acquisition...............27TH MARCH 2003............................

Acquisition in..........MSB INTERNATIONAL PLC................(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ORDINARY SHARES OF 5P EACH ...80,000.......shares    .....................
                               ...N/A..........rights


(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting
    in issue)                 shares in issue)

    ..4,984,620.....(24.31%) ...............(    %)    .............(24.31%)


(3) Party making disclosure......UNICORN ASSET MANAGEMENT...................  

(4)  (a)  Name of person acquiring shares or rights over shares ............
          and, if different, beneficial owner..UNICORN ASSET MANAGEMENT (ON 
          BEHALF OF UNICORN UK SMALLER COMPANIES FUND)..... 

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5)............................


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory)............PHILIP JOHN ......................

Telephone and extension number............020 7253 0889 X 226...............

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring 
Section, Tel. No: 020 7638 0129.



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