RNS Number:2155K
Derby Trust PLC
22 April 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     DERBY TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     APOLLO FUND PLC
     UNDER THE MANAGEMENT OF HAMILTON LUNN ASSET MANAGEMENT LTD

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

     IN RESPECT OF SHAREHOLDER NAMED IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     CHETWYN NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.



6)   (N/A%) of issued Class


7)   Number of shares/amount of stock disposed

     1,571,500

8)   (13.31%) of issued Class


9)   Class of security

     INCOME

10)  Date of transaction

     15TH & 17TH APRIL 2003

11)  Date company informed

     16TH & 17TH APRIL 2003

12)  Total holding following this notification

     228,500
               
13)  Total percentage holding of issued class following this notification

     1.93%

14)  Any additional information

     25P

15)  Name of contact and telephone number for queries

     C.C. KNIGHT
     020 7402 5500

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification      22ND APRIL 2003


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

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