Findel PLC

2 December 2003

DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1) NAME OF COMPANY

FINDEL PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

SCHRODERS 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

SCHRODERS PLC AND ITS SUBSIDIARIES AND AFFILIATES ON A

DISCRETIONARY BASIS UNDER INVESTMENT MANAGEMENT AGREEMENTS

4) Name of the registered holder(s) and, if more than one holder,

the number of shares held by each of them

Schroder Investment Management Limited 13,038,579

Schroder Unit Trusts Limited/

Chase Nominees Limited              5,802,384

Schroder Nominees Limited             324,981

Banque Internationale a Luxembourg     49,798

BT Globenet Nominees Ltd. a/c: 6B     130,000

Mineworkers' Pension Scheme a/c:R   2,629,149

Imperial Pensions Nominees Limited    400,000

British Coal Staff Superannuation a/c:P 2,537,460

Chase Nominees Limited                621,333

Chase Manhattan Bank                  514,974

Unibank Torvegade                      12,500

Nortrust Nominees Limited              16,000

                                   __________

                                    6,911,214

                                   __________

Schroder Investment Management North America Inc

Chase Nominees Limited              1,500,000

                                   __________

                                   14,538,579

                                   __________

17.332% of 83,879,869

5) Number of shares/amount of stock acquired

1,124,955

6) Percentage of issued Class

1.341%

7) Number of shares/amount of stock disposed

8) Percentage of issued Class

9) Class of security

ORDINARY 5p SHARES

10)Date of transaction

NOT KNOWN

11)Date company informed

2 December 2003

12)Total holding following this notification

14,538,579

13)Total percentage holding of issued class following this

notification

17.332%

14)Any additional information

15)Name of contact and telephone number for queries

I J Bolton

01943 864686

 

16)Name and signature of authorised company official responsible for

making this notification

 

I J Bolton

Date of Notification 2 December 2003



END