CAT Catco Reinsurance Opportunities Fund Limited

RNS No 1402w
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

MERCURY ASSET MANAGEMENT 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

SHAREHOLDER NAMED IN 2

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

NUTRACO NOMINEES LIMITED                1,323,000
(DESIGNATED AND UNDESIGNATED)
OTHER NAME(S)                           1,511,225

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 10P

10) Date of transaction

N/A

11) Date company informed

14 OCTOBER 1997

12) Total holding following this notification

2,834,225

13) Total percentage holding of issued class following this notification

12.79%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

ANTHONY NIXON
01763 263233

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

    Date of Notification....14 OCTOBER 1997.....

END

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