RNS Number:7606J
M&G Investment Management Ltd
08 April 2003



                                                                      FORM SAR 5

Lodge with Company Announcements Office and the Panel.

A copy must also be sent to the company the shares of which are being sold.

Date of disclosure

8 April, 2003


DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")

Date of sale

7 April 2003


Sale of (name of company)

Renold plc


1. Class of voting shares (eg ordinary shares)

Ordinary


Number of shares/rights over shares sold

        200,000    Shares                    0    Rights

If rights over shares sold, as opposed to the shares themselves, specify nature
of rights



2. Resultant total holding of voting shares (and % of total voting shares in
issue)

                                10,263,947                       14.80%

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

                                0                                    %

Total percentage                14.80%

3. Party making disclosure

M&G Investment Management Ltd

4. (a) Name of person selling shares or rights over shares

Prudential plc


and, if different, beneficial owner



(b) Names of any other persons acting by agreement or understanding



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

Richard Harding


(Also print name of signatory)

Richard Harding


Telephone and extension number

020 7548 3183


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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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