RNS Number:5677K
Schroder Investment Management Ltd
30 April 2003

                                                                    FORM 8.1/8.3
Date of Disclosure: 30/04/03

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


Date of Dealing:     29/04/03

Dealing in:     LONDON FORFAITING COMPANY Plc

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 40p SHARES

(2) Amount bought                Amount sold               Price per unit (p)

       175,000                                                   26.5
       100,000                                                   27

(3)     Resultant total of the same class owned or controlled:     8,273,450
        Percentage of class:     7.896%

(4)     Party making disclosure:     SCHRODER INVESTMENT MANAGEMENT LIMITED

(5)     EITHER   (a)  Name of purchaser/vendor (Note 1) :

        OR       (b)  If dealing for discretionary client(s), name of fund 
                      management organisation:

                      SCHRODER INVESTMENT MANAGEMENT LIMITED

 6. Reason for disclosure (Note 2)

    (a) associate of     (i) offeror (Note 3)          NO
                         (ii) offeree company          YES

    Specify which category or categories of associate (1-8 overleaf):     6

    If category (8), explain:

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


Signed on behalf of the party named in (4) above: ..............................

(Also print name of signatory): Alison Dunn

Telephone and extension number: 020 7658 2959


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