RNS Number:9734J
IFX Markets Limited
11 April 2003


                                  Date of Disclosure      11 APRIL 2003

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing       10 APRIL 2003

Dealing in       FITNESS FIRST                            (name of company)

1)  Class of securities (eg ordinary shares)      ORDINARY

2)  Amount bought                Amount sold             Price per unit

                                   1,539,000                        172

3)  Resultant total of the same class owned or controlled 
    (and percentage of class)     NIL                        (    %)


4) Party making disclosure      IFX MARKETS


5)  EITHER (a) Name of purchaser/vendor (Note 1)    IFX MARKETS LIMITED
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation

6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                       NO
                    (ii) offeree company                        NO

Specify which category or categories of associate (1-8 overleaf) 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)     KEVIN TAYLOR

Telephone and extension number     0207 890 8990


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026



Form 8 Enclosure

IFX Markets Limited was the owner of 1,539,000 shares held in Fitness First. All
of the shares were held to hedge Contracts for Differences ("CFD") for clients. 
We no longer hold any positions in this market.


CFDs Closed on 10 April 2003

Product          Open Date     IFX Markets    Underlying    Open Price   Closing
Name                           Buy / Sell     number of                  Price
                                              shares

Fitness First    27/01/2003    Buy            890,000       146          172
Long CFD

Fitness First    02/04/2003    Buy            649,000       152.5        172
Long CFD



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