CAT Catco Reinsurance Opportunities Fund Limited

RNS No 0288x
CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE FLEMING MERCANTILE INVESTMENT TRUST PLC

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

AS NAMED IN 2 ABOVE

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

N/A

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES OF 10P

10) Date of transaction

N/A

11) Date company informed

10 OCT 1997

12) Total holding following this notification

NO LONGER A NOTIFIABLE INTEREST

13) Total percentage holding of issued class following this notification

NO LONGER NOTIFIABLE

14) Any additional information

N/A

15) Name of contact and telephone number for queries

J C ASTON
01763 263233

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

    Date of Notification..10 OCTOBER 1997.......


END

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