RNS Number:7403A
Syndicate Asset Management PLC
31 March 2006


                         Syndicate Asset Management plc

                              Notifiable Interest


Syndicate Asset Management plc ('the Company') announces that it received
notification on 29 March 2006 from Equity Special Situations Limited  advising
that it has acquired a further 1,800,000 ordinary shares bringing the total
holding to 21,800,000 ordinary shares, which represents 20% of the issued
ordinary share capital of the Company.


The ordinary shares referred to above are the ordinary shares of 0.2 pence each
in the Group.


For further information please contact:


Jonathan Freeman, Director, Syndicate Asset Management plc     Tel: 01600 750432


Matthew Hall, Noble & Company Limited                         Tel: 020 7763 2200


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

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