RNS Number:2441O
Bell Group PLC
1 August 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY
BELL GROUP PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
SCHRODER INVESTMENT MANAGEMENT LIMITED


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18
HELD IN PORTFOLIOS MANAGED ON A DISCRETIONARY BASIS FOR CLIENTS


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

ORDINARY SHARES

3,132,985     CHASE NOMINEES LIMITED FOR SCHRODER UNIT TRUSTS LIMITED
  900,000     IMPERIAL PENSION NOMINEES LIMITED
  500,000     NORTRUST NOMINEES LIMITED
1,240,815     BRITISH COAL STAFF SUPERANNUATION A/C: P
1,415,099     MINEWORKERS PENSION SCHEME A/C: R


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class


9)   Class of security
ORDINARY SHARES OF 5P EACH


10)  Date of transaction



11)  Date company informed
31 JULY 2003


12)  Total holding following this notification
7,188,899

               
13)  Total percentage holding of issued class following this notification
13.491%


14)  Any additional information



15)  Name of contact and telephone number for queries
EDWIN STRANG 0208 553 5932


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification 31 JULY 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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