RNS Number:6275K
Schroder Investment Management Ltd
01 May 2003

                                                                    FORM 8.1/8.3
Date of Disclosure: 01/05/03

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


Date of Dealing:     30/04/03

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)

          250,000                                                     26.77
          405,473                                                      26.5

(3) Resultant total of the same class owned or controlled:     8,928,923

    Percentage of class:     8.522%

(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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