RNS Number:8344N
Schroders PLC
22 July 2003



                                                                    FORM 8.1/8.3
Date of Disclosure: 22/07/03

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

                               ON TAKEOVERS AND MERGERS


Date of Dealing:     21/07/03

Dealing in:     BESPAK Plc

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 10p SHARES
       
 (2) Amount bought            Amount sold                     Price per unit (p)

       15,055                                                          347.5

(3)     Resultant total of the same class owned or controlled:     6,166,427

     Percentage of class:      23.017%

(4)     Party making disclosure:     SCHRODERS Plc

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

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

               SCHRODERS Plc

 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):

    If category (8), explain: 6

        (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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