CTU Conister Tst

    FORM 38.5

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
(Rule 38.5 of The City Code on Takeovers and Mergers)


Name of exempt principal trader:        KBC PEEL HUNT LTD
Company dealt in:       CONISTER TRUST PLC
Relevant security dealt in:     ORDINARY SHARES
Name of offeree/offeror with whom connected:    CONISTER TRUST PLC
Nature of connection:   FINANCIAL ADVISOR
Date of dealing:        11 JULY 2005



Total number of securities bought:      NIL
Highest price paid (currency must be stated):   � 0.00
Lowest price paid (currency must be stated):    � 0.00


Total number of securities sold:        5,000
Highest price paid (currency must be stated):   � 0.418
Lowest price paid (currency must  be stated):   � 0.418


Date of disclosure:     12 JULY 2005
Contact name:   STEVE DAVEY
Telephone number:       020 7418 8941

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