AXN Alexon Grp.

RNS No 7849k
KLEINWORT BENSON SECURITIES LIMITED
8 October 1999


                                                           FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the 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 KLEINWORT BENSON SECURITIES LIMITED (318).........................

Date of disclosure 08/10/99...................................................

Contact name Andrew Beech.....................................................

Telephone number 0171 475 6030................................................

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

ALEXON GROUP PLC, BANK OF SCOTLAND PLC, LEGAL & GENERAL GROUP PLC,
NATIONAL WESTMINSTER BANK 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 disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel,
Tel. No: 0171 638 0129

                                                                 FORM 38.5

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

Dealing in ALEXON GROUP PLC..................................(name of company)

Class of security ORD.........................................................

Date of disclosure 08/10/99...................................................

Date of dealing 07/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

Name of offeree/offeror with whom connected ALEXON GROUP PLC..................


Total number of securities purchased   .......................................

Highest price paid*                    .......................................

Lowest price paid*                     .......................................



Total number of securities sold        4,000..................................

Highest price received*                #1.85..................................

Lowest price received*                 .......................................

*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 BANK OF SCOTLAND PLC..............................(name of company)

Class of security ORD.........................................................

Date of disclosure 08/10/99...................................................

Date of dealing 07/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

Name of offeree/offeror with whom connected NATIONAL WESTMINSTER BANK PLC.....

Total number of securities purchased   268,542................................

Highest price paid*                    #7.29..................................

Lowest price paid*                     #7.20..................................



Total number of securities sold        813,257................................

Highest price received*                #7.30..................................

Lowest price received*                 #7.22..................................


*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 LEGAL & GENERAL PLC...............................(name of company)

Class of security ORD.........................................................

Date of disclosure 08/10/99...................................................

Date of dealing 07/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

Name of offeree/offeror with whom connected LEGAL & GENERAL GROUP PLC.........



Total number of securities purchased   766,119................................

Highest price paid*                    #1.70..................................

Lowest price paid*                     #1.6925................................


Total number of securities sold        1,621,485..............................

Highest price received*                #1.71..................................

Lowest price received*                 #1.695.................................

*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 NATIONAL WESTMINSTER BANK.PLC.....................(name of company)

Class of security ORD.........................................................

Date of disclosure 08/10/99...................................................

Date of dealing 07/10/99......................................................

Name of EMM KLEINWORT BENSON SECURITIES LIMITED (318).........................

Name of offeree/offeror with whom connected NATIONAL WESTMINSTER BANK PLC.....


Total number of securities bought      523,917................................

Highest price paid*                    #14.89.................................

Lowest price paid*                     #14.30.................................



Total number of securities sold       22,364..................................

Highest price received*               #14.73..................................

Lowest price received*                #14.34..................................


*Currency must be stated


END

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