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:       HARDY UNDERWRITING GROUP PLC
Relevant security dealt in:     ORDINARY SHARES
Name of offeree/offeror with whom connected:    HARDY UNDERWRITING GROUP PLC
Nature of connection:   FINANCIAL ADVISOR
Date of dealing:        19 JULY 2005



Total number of securities bought:      3,650
Highest price paid (currency must be stated):   � 2.14
Lowest price paid (currency must be stated):    � 2.14


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


















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:        19 JULY 2005



Total number of securities bought:      31,765
Highest price paid (currency must be stated):   � 0.40
Lowest price paid (currency must be stated):    � 0.40


Total number of securities sold:        20,000
Highest price paid (currency must be stated):   � 0.42
Lowest price paid (currency must  be stated):   � 0.406
























Name of exempt principal trader:        KBC PEEL HUNT LTD
Company dealt in:       WHITTARD OF CHELSEA PLC
Relevant security dealt in:     ORDINARY SHARES
Name of offeree/offeror with whom connected:    WHITTARD OF CHELSEA PLC
Nature of connection:   FINANCIAL ADVISOR
Date of dealing:        19 JULY 2005



Total number of securities bought:      3,400
Highest price paid (currency must be stated):   � 1.225
Lowest price paid (currency must be stated):    � 1.225


Total number of securities sold:        28,062
Highest price paid (currency must be stated):   � 1.23
Lowest price paid (currency must  be stated):   � 1.21


























Name of exempt principal trader:        KBC PEEL HUNT LTD
Company dealt in:       PRIVATE & COMMERCIAL FINANCE GROUP PLC
Relevant security dealt in:     ORDINARY SHARES
Name of offeree/offeror with whom connected:    PRIVATE & COMMERCIAL FINANCE GROUP PLC
Nature of connection:   CONNECTED TO FINANCIAL ADVISOR
Date of dealing:        19 JULY 2005



Total number of securities bought:      11
Highest price paid (currency must be stated):   � 0.202
Lowest price paid (currency must be stated):    � 0.202


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





Date of disclosure:     20 JULY 2005
Contact name:   STEVE DAVEY
Telephone number:       020 7418 8941

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