RNS No 850k
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 NOMINES LIMITED
(DESIGNATED & UNDESIGNATED)          1,391,225
OTHER NAME(S)                          850,500

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

ORD SHARES 10P

10) Date of transaction


11) Date company informed

16/2/98


12) Total holding following this notification

2,241,725


13) Total percentage holding of issued class following this notification

10.1%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

JOHN ASTON
01763  263233

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

    Date of Notification............16/2/98


END

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