RNS Number:2227U
Legal & General Investment Mgmnt Ld
14 January 2004

                                                                    FORM 8.1/8.3

      Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a
    separate form for each class of securities in which dealings have been made.

Date of Disclosure

14 Jan 2004

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of dealing

13 Jan 2004

Dealing in (name of company)

New Look Group PLC

Class of securities (eg ordinary shares)

Ordinary Shares 5p

2.
Amount               Amount           Price
bought               Sold             per unit

                     15,000           GBP 3.1875



 3. Resultant total of the same class owned or controlled (and percentage of
    class)

    8,614,349         4.30%



    4. Party making disclosure

    Legal and General Investment Management Ltd



    5. EITHER (a) Name of purchaser / vendor (Note 1)

    ...............................................................

    OR (b) if dealing for discretionary client(s), name of fund management
    organisation

    Legal and General Investment



    6. Reason for disclosure (Note 2)

    ...............................................................

    (a) associate of

    (i) offeror (Note 3)

    NO

    (ii) offeree company

    NO

    Specify which category or categories of associate (1-8 overleaf)

    ...............................................................

    If category (8), explain

    ...............................................................

    (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of
    the class of relevant securities dealt in)

    YES



    Signed, for and on behalf of the party named in (4) above

    Julia Stone ...............................................................

    (Also print name of signatory)

    Julia Stone ...............................................................

    Telephone and Extension number

    020 7528 6742...............................................................



    Note 1.

    Specify owner, not nominee or vehicle company. If relevant, also identify
    controller of owner, eg where an owner normally acts on instructions of a
    controller

    Note 2.

    Disclosure might be made for more than one reason; if so, state all reasons.

    Note 3.

    Specify which offeror if there is more than one.

    Note 4.

    When an arrangement exists with any offeror, with the offeree company or
    with an associate of any offeror or of the offeree company in relation to
    relevant securities, details of such arrangement must be disclosed, as
    required by Note 6 on Rule 8.

    Note 5.

    It may be necessary, particularly when disclosing derivative transactions,
    to append a sheet to this disclosure form so that all relevant information
    can be given.

    Note 6.

    In the case of an average price bargain, each underlying trade should be
    disclosed.

    Note 7.

    The resultant total percentage holding of the class of relevant security is
    to be calculated by reference to the percentage held and in issue outside
    treasury.

    For full details of disclosure requirements, see Rule 8 of the Code. If in
    doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel.
    No: 020 7638 0129. Email: monitoring@disclosure.org.uk

    DEFINITION OF ASSOCIATE

    It is not practicable to define associate in terms which would cover all the
    different relationships which may exist in an offer. The term associate is
    intended to cover all persons (whether or not acting in concert) who
    directly or indirectly own or deal in the shares of an offeror or the
    offeree company in an offer and who have (in addition to their normal
    interests as shareholders) an interest or potential interest, whether
    commercial, financial or personal, in the outcome of the offer.

    Without prejudice to the generality of the foregoing, the term associate
    will normally include the following:-

    (1)     an offeror's or the offeree company's parent, subsidiaries and
    fellow subsidiaries, and their associated companies, and companies of which
    such companies are associated companies (for this purpose ownership or
    control of 20% or more of the equity share capital of a company is regarded
    as the test of associated company status);

    (2)     banks and financial and other professional advisers (including
    stockbrokers)* to an offeror, the offeree company or any company covered in
    (1), including persons controlling#, controlled by or under the same control
    as such banks, financial and other professional advisers;

    (3)     the directors (together with their close relatives and related
    trusts) of an offeror, the offeree company or any company covered in (1);

    (4)     the pension funds of an offeror, the offeree company or any company
    covered in (1);

    (5)     any investment company, unit trust or other person whose investments
    an associate manages on a discretionary basis, in respect of the relevant
    investment accounts;

    (6)     a person who owns or controls 5% or more of any class of relevant
    securities (as defined in paragraphs (a) to (d) in Note 2 on Rule 8) issued
    by an offeror or an offeree company, including a person who as a result of
    any transaction owns or controls 5% or more. When two or more persons act
    pursuant to an agreement or understanding (formal or informal) to acquire or
    control such securities, they will be deemed to be a single person for the
    purpose of this paragraph. Such securities managed on a discretionary basis
    by an investment management group will, unless otherwise agreed by the
    Panel, also be deemed to be those of a single person (see Note 8 on Rule 8);
    and

    (7)     a company having a material trading arrangement with an offeror or
    the offeree company.

    Paragraphs (1)-(7) are typical cases. Paragraph (8) below is a category to
    cover associate status not within (1)-(7).
 8. Other.

Notes

* References to a "bank" do not apply to a bank whose sole relationship with a
party to an offer is the provision of normal commercial banking services or such
activities in connection with the offer as confirming that cash is available,
handling acceptances and other registration work.

References to "financial and other professional advisers (including
stockbrokers)", in relation to a party to an offer, do not include an
organisation which has stood down, because of a conflict of interest or
otherwise, from acting for that party in connection with the offer if the
organisation is to have a continuing involvement with that party during the
offer, the Panel must be consulted. Unless the Panel is satisfied that the
involvement is entirely unconnected with the offer, the above exclusion will not
normally apply.

# The normal test for whether a person is controlled by, controls or is under
the same control as another person will be by reference to the definition of
control contained in the Code. There may be other circumstances which the Panel
will regard as giving rise to such a relationship (eg where a majority of the
equity share capital is owned by another person who does not have a majority of
the voting rights); in cases of doubt, the Panel should be consulted.


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            The company news service from the London Stock Exchange
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