RNS Number:7891K
J O Hambro Capital Management Ld
07 May 2003

                                                                      FORM SAR 5



Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are being sold.



Date of disclosure


7 MAY 2003



DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")



Date of sale


6 MAY 2003



Sale of (name of company)


HIGHWAY INSURANCE HOLDINGS PLC



1. Class of voting shares (eg ordinary shares)


ORDINARY SHARES



Number of shares/rights over shares sold


2,842,331                              Shares                       Rights



If rights over shares sold, as opposed to the shares themselves, specify nature
of rights






2. Resultant total holding of voting shares (and % of total voting shares in
issue)


34,325,274 SHARES                                        17.13%



Resultant total holding of rights over shares (and % of total voting shares in
issue)


                                                         %



Total percentage


   17.13%



3. Party making disclosure


J O HAMBRO CAPITAL MANAGEMENT LIMITED

4. (a) Name of person selling shares or rights over shares


AS ABOVE



and, if different, beneficial owner






(b) Names of any other persons acting by agreement or understanding


NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC, ORYX INTERNATIONAL GROWTH FUND LIMITED



Signed, for and on behalf of the party named in (3) above






(Also print name of signatory)


BONITA DRYDEN



Telephone and extension number


020 7747 5681



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: monitoring@disclosure.org.uk


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