RNS Number:4131J
Laxey Partners Ltd
31 March 2003

                                                        FORM SAR 3


                                       Date of disclosure.31 MARCH 2003..

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

                 
Date of acquisition..........28 MARCH 2003......................

Acquisition in....I FEEL GOOD (HOLDINGS)PLC.........(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ..ORDINARY SHARES...      ..3,215,000..shares       .....................
                              ...N/A..........rights


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

    .11,250,000.(17.60%)     ...............(    %)     ...17.60 %..


(3) Party making disclosure.....LAXEY PARTNERS LIMITED......................  

(4)  (a)  Name of person acquiring shares or rights over shares LAXEY PARTNERS
                                                                LTD AND
                                              LAXEY PARTNERS LIMITED ON BEHALF
                                              OF VARIOUS DISCRETIONARY MANAGED
                                              ACCOUNTS
         
            and, if different, beneficial owner............................... 

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5)............................


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

(Also print name of signatory)....CHRISTOPHER BRUCE.................

Telephone and extension number....01624 690904....................

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

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.



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