RNS Number:8627K
Schroder Investment Management Ltd
08 May 2003



                                                                    FORM 8.1/8.3
Date of Disclosure: 08/05/03

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

                                         ON TAKEOVERS AND MERGERS


Date of Dealing:     07/04/03

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)

     500,000                                                   27.53

(3)     Resultant total of the same class owned or controlled:     9,428,923

     Percentage of class:     8.999%

(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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