RNS Number:9379J
UBS Warburg(EMM)
11 April 2003


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                  UBS WARBURG
                             ....................................................................................
Date of disclosure           11 April 2003
                             ....................................................................................
Contact Name                 Brenton Amedee
                             ....................................................................................
Telephone number             020-7568 5846
                             ....................................................................................
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
P&O Princess Cruises

P&O Princess Cruises Contracts for Difference

JJB Sports

Fitness First
                                     _______________________________________
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: 020-7638 0129.






                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 P&O PRINCESS CRUISES PLC                         (name of company)

                           ...........................................
Class of Security          ORD USD 0.50

                           ...............................................................
Date of disclosure         11-Apr-03

                           ...............................................................
Date of dealing            10-Apr-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               CARNIVAL CORP

                                                            ....................................
Total Number of securities bought           436,955

                                            ........................
Highest price paid*                         448.50 GBP

                                            ........................
Lowest price paid*                          436.25 GBP

                                            ........................
Total number of securities sold             352,920

                                            ........................
Highest price received*                     448 GBP

                                            ........................
Lowest price received*                      437.27 GBP








                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 JJB SPORTS PLC                                   (name of company)

                           ...........................................
Class of Security          ORD USD0.05

                           ...............................................................
Date of disclosure         11-Apr-03

                           ...............................................................
Date of dealing            10-Apr-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               JJB SPORTS PLC

                                                            ....................................
Total Number of securities bought           46,116

                                            ........................
Highest price paid*                         205.46 GBP

                                            ........................
Lowest price paid*                          201.30 GBP

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

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

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








Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in Contract for Differences ("CFD") referenced to...P&O Princess
Cruises, ORD USD0.50

Date of Disclosure:                    11 April 2003

Date of Dealing                         10 April 2003

Name of EMM/EPT...                    UBS WARBURG

Name of offeree / offeror with whom connected     Carnival Corp

Product Type.........(long/short) CFD          Short

Maturity Date                         1-Apr-2003

Writing of CFD

Number of (class of security) to which the CFD is referenced

CFD reference price: (High)... 0 GBP............................(Low)...GBP...
........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced     84,594

CFD reference price: (High) 4.475 GBP          (Low) 4.475 GBP




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.











                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 FITNESS FIRST PLC                                (name of company)

                           ...........................................
Class of Security          ORD 12.5p

                           ...............................................................
Date of disclosure         11-Apr-03

                           ...............................................................
Date of dealing            10-Apr-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               MORAY LIMITED

                                                            ....................................
Total Number of securities bought           1.394,700

                                            ........................
Highest price paid*                         172.26 GBP

                                            ........................
Lowest price paid*                          160.00 GBP

                                            ........................
Total number of securities sold             420,000

                                            ........................
Highest price received*                     173.35 GBP

                                            ........................
Lowest price received*                      160.00 GBP







Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in Contract for Differences ("CFD") referenced to...Fitness First, ORD
12.5p

Date of Disclosure:                    11 April 2003

Date of Dealing                         10 April 2003

Name of EMM/EPT...                    UBS WARBURG

Name of offeree / offeror with whom connected     Moray Limited

Product Type.........(long/short) CFD          Short

Maturity Date                         7-Dec-2003

Writing of CFD

Number of (class of security) to which the CFD is referenced

CFD reference price: (High)... 0 GBP............................(Low)...GBP...
........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced     150,000

CFD reference price: (High) 1.71 GBP          (Low) 1.71 GBP




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.












Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in Contract for Differences ("CFD") referenced to...P&O Princess
Cruises, ORD USD0.50

Date of Disclosure:                    11 April 2003

Date of Dealing                         10 April 2003

Name of EMM/EPT...                    UBS WARBURG

Name of offeree / offeror with whom connected     Fitness First

Product Type.........(long/short) CFD          Long

Maturity Date                         10-Jan-2004

Writing of CFD

Number of (class of security) to which the CFD is referenced 1,150,000

CFD reference price: (High)... 1.72 GBP............................(Low)...1.72
GBP...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced

CFD reference price: (High) GBP          (Low) GBP




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.













                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 P&O PRINCESS CRUISES PLC                         (name of company)

                           ...........................................
Class of Security          ADR

                           ...............................................................
Date of disclosure         11-Apr-03

                           ...............................................................
Date of dealing            10-Apr-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               CARNIVAL CORP

                                                            ....................................
Total Number of securities bought           20,875

                                            ........................
Highest price paid*                         28.21 USD

                                            ........................
Lowest price paid*                          20,875 USD

                                            ........................
Total number of securities sold             41,750

                                            ........................
Highest price received*                     28,21 USD

                                            ........................
Lowest price received*                      28,21 USD



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