RNS Number:5811Q
Savoy Asset Management PLC
06 October 2003


For immediate release

6th October 2003


Stock Exchange Announcement


SAVOY ASSET MANAGEMENT PLC

David Kennard, a director of Savoy Asset Management plc ("Savoy"), on 6th
October 2003 purchased 10,000 ordinary 10p shares in Savoy at a price of 130p.
David Kennard's beneficial interest in Savoy is now 321,232 ordinary shares
representing 3.58% of the issued share capital.

Paul Tarran, a director of Savoy Asset Management plc ("Savoy"), on 6th October
2003 purchased 10,000 ordinary 10p shares in Savoy at a price of 130p.  Paul
Tarran's beneficial interest in Savoy is now 20,000 ordinary shares representing
0.22% of the issued share capital.

Enquiries:  Paul Tarran - Finance Director, Savoy Asset Management PLC - 020
7659 8083


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