RNS Number:9740Q
Deutsche Bank AG London
16 October 2003

                                 EMM DISCLOSURE

                                                             FORM 38.5 (SUMMARY)

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



CONNECTED EXEMPT MARKET- MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Name of EMM Deutsche Bank AG London




Date of disclosure 16/10/03




Contact name Kelly-Jade Ledwich




Telephone number 0207 545 7804




Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

New Look Group Plc

Caledonia Investments Plc

Chelsfield Plc

PPL Therapeutics Plc

AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:




In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date), the
exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129.
Email: monitoring@disclosure.org.uk

                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) New Look Group plc




Class of security Ordinary






Date of disclosure 16/10/03




Date of dealing 15/10/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Tom Singh




Total number of securities purchased 129,161




Highest price paid* #3.25




Lowest price paid* #3.23




Total number of securities sold 40,000




Highest price received* #3.25




Lowest price received* #3.23




*Currency must be stated




                                                     Rule 38.5 (CFD)



            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in Contract for Differences ("CFD") referenced to .........New Look
Group Plc........................(Company)

(Class of security) ....................Ordinary....................



Date of disclosure ............16/10/03........................................

Date of dealing ...............15/10/03........................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected ............Tom Singh...............
............................

Product Type .....................Long CFD....................................
........................................

Maturity Date ..................Open Ended....................................
...........................







Writing of CFD

Number of Ordinary Shares to which the CFD is referenced .....................
..................



CFD reference price between.....................................................
...........







Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced............ 30,000...
.........................



CFD closing out price between.....................#2.455......................
................................






Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.







                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) Caledonia Investments Plc




Class of security Ordinary






Date of disclosure 16/10/03




Date of dealing 15/10/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Cayzer Continuation Ltd and
Caledonia Realisation Ltd




Total number of securities purchased 16,000




Highest price paid* #8.99




Lowest price paid* #8.99




Total number of securities sold




Highest price received* #




Lowest price received* #




*Currency must be stated






                                                     Rule 38.5 (CFD)



            CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in Contract for Differences ("CFD") referenced to .........Caledonia
Investments Plc...............(Company)

(Class of security) ....................Ordinary....................



Date of disclosure ............16/10/03........................................

Date of dealing ...............15/10/03........................................

Name of EMM/EPT...Deutsche Bank AG London.........

Name of offeree/offeror with whom connected ..Cayzer Continuation Ltd and
Caledonia Realisation Ltd ...........................................

Product Type .....................Long CFD....................................
........................................

Maturity Date ..................Open Ended....................................
...........................







Writing of CFD

Number of Ordinary Shares to which the CFD is referenced ............16,000...
........................



CFD reference price .....................#8.99.................................
....................







Closing Out of CFD

Number of Ordinary Shares to which the CFD is referenced........................
................



CFD closing out price between.................................................
..........................






Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.







                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) Chelsfield Plc




Class of security Ordinary






Date of disclosure 16/10/03




Date of dealing 15/10/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Chelsfield Plc




Total number of securities purchased 12,500




Highest price paid* #3.115




Lowest price paid* #3.115




Total number of securities sold 12,500




Highest price received* #3.115




Lowest price received* #3.115




*Currency must be stated



                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) PPL Therapeutics Plc




Class of security Ordinary






Date of disclosure 16/10/03




Date of dealing 15/10/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected PPL Therapeutics Plc




Total number of securities purchased 184,310




Highest price paid* #0.0475




Lowest price paid* #0.0475




Total number of securities sold




Highest price received* #




Lowest price received* #




*Currency must be stated






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