RNS Number:2593J
Alain Andrey
26 March 2003

                                                        FORM SAR 3


                                       Date of disclosure...MARCH 26, 2003

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

                 
Date of acquisition... MARCH 24, 2003

Acquisition in........ DELTA 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           14,466,668 .....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)

    39,374,659......(26,03%)   ...............(    %)    .............(26,03%)
    MAINZ HOLDINGS LIMITED (36,413,425)
    FINANCE AND TRADING LIMITED (2,961,234)

(3) Party making disclosure.......... ALAIN ANDREY 

(4) (a)  Name of person acquiring shares or rights over shares ............
    MAINZ HOLDINGS LIMITED (12,629,934)
    FINANCE AND TRADING LIMITED (1,836,734)
          and, if different, beneficial owner....... EDOUARD STERN 
    EDOUARD STERN IS 100% OWNER OF MAINZ HOLDINGS LIMITED,
    FINANCE AND TRADING LIMITED IS A 100% SUBSIDIARY OF IRR CAPITAL 
    EDOUARD STERN IS 50% OWNER OF IRR CAPITAL

    (b)  Names of any other persons acting by
         agreement or understanding (see SAR 5)...SEE (4)(a) ABOVE.........


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

(Also print name of signatory).... ALAIN ANDREY

Telephone and extension number.... 0041 22 592 92 92

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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