RNS No 3988e
WARBURG DILLON READ
14 July 1999


FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Name of EMM       WARBURG DILLON READ
      

Date of disclosure        14 July 1999
      

Contact Name       Roger Bradley
      

Telephone number       0171 568 5846
      

Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

ACTION COMPUTER SUPPLIES HOLDINGS PLC ORDINARY

BRENT INTERNATIONAL PLC ORDINARY

COCA COLA BEVERAGES PLC ORDINARY

DELANCEY ESTATES PLC ORDINARY

________________________________________

AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:
..............................................................................
..............................................................................
In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.

For full details of disclosure requirements see Rules 8 and 38 of the Code. If
in doubt contact the Monitoring Section of the Panel, Tel No: 0171 638 0129

FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in       ACTION COMPUTER SUPPLIES HLDGS PLC       (name of company)
      
..............................................................................

Class of Security       ORD 10P       
      
..............................................................................

Date of disclosure       14-Jul-99
      
..............................................................................

Date of dealing       13-Jul-99
      
..............................................................................

Name of EMM       WARBURG DILLON READ
      
..............................................................................

Name of offeree / offeror with whom connected    ACTION COMPUTER SUPPLIES
HLDGS PLC
      
..............................................................................



Total Number of securities bought       7,658
       ......................................................

Highest price paid*       250       GBP
       ......................................................

Lowest price paid*       250       GBP
       ......................................................


Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received       0       GBP
       ......................................................


*Currency must be stated


 FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in       BRENT INTERNATIONAL PLC       (name of company)
      
..............................................................................

Class of Security       ORD 10P       
      
..............................................................................

Date of disclosure       14-Jul-99
      
..............................................................................

Date of dealing       13-Jul-99
      
..............................................................................

Name of EMM       WARBURG DILLON READ
      
..............................................................................

Name of offeree / offeror with whom connected       CHEMETALL GmbH PLC
      
..............................................................................



Total Number of securities bought       15,000
       ......................................................

Highest price paid*       115       GBP
       ......................................................

Lowest price paid*       114       GBP
       ......................................................



Total number of securities sold       0
       ......................................................

Highest price received*       0       GBP
       ......................................................

Lowest price received       0       GBP
       ......................................................



*Currency must be stated


 FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in       COCA-COLA BEVERAGES PLC       (name of company)
      
..............................................................................

Class of Security       ORD GBP0.50       
      
..............................................................................

Date of disclosure       14-Jul-99
      
..............................................................................

Date of dealing       13-Jul-99
      
..............................................................................

Name of EMM       WARBURG DILLON READ
      
..............................................................................

Name of offeree / offeror with whom connected       COCA-COLA BEVERAGES PLC
      
..............................................................................



Total Number of securities bought       136,182
       ......................................................

Highest price paid*       133       GBP
       ......................................................

Lowest price paid*       130       GBP
       ......................................................



Total number of securities sold       2,500
       ......................................................

Highest price received*       129.5       GBP
       ......................................................

Lowest price received       129.5       GBP
       ......................................................


*Currency must be stated


 FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in       DELANCEY ESTATES PLC       (name of company)
      
..............................................................................

Class of Security       ORD 25P       
      
..............................................................................

Date of disclosure       14-Jul-99
      
..............................................................................

Date of dealing       13-Jul-99
      
..............................................................................

Name of EMM       WARBURG DILLON READ
      
..............................................................................

Name of offeree / offeror with whom connected       DELANCEY ESTATES PLC
      
..............................................................................
..


Total Number of securities bought       110,000
       ......................................................

Highest price paid*       108       GBP
       ......................................................

Lowest price paid*       107       GBP
       ......................................................



Total number of securities sold       107,300
       ......................................................

Highest price received*       108       GBP
       ......................................................

Lowest price received       108       GBP
       ......................................................

*Currency must be stated


END

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