RNS No 7810h
GRANADA GROUP PLC

                                Date of Disclosure......1.7.97.................

               DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
                 OF THE CITY CODE ON TAKE-OVERS AND MERGERS

Date of dealing....30/6/97.................

Dealing in.......GRANADA GROUP..............................(name of company)

(1)  Class of securities (eg ordinary shares).........ORDINARY 25P SHARES..

(2)  Amount bought                  Amount sold             Price per unit

                                      52,000                797 1/2

(3)  Resultant total of the same class owned or controlled
(and percentage of class).....31161357............................. (3.632%)

(4)  Party making disclosure.........SCHRODER INVESTMENT MANAGEMENT LTD....

(5)  EITHER (a) Name of purchaser/vendor (Note 1).............................
     OR     (b) if dealing for discretionary client(s), name of fund management
                organisation
................SCHRODER INVESTMENT MANAGEMENT LTD...........................

(6)  Reason for disclosure (Note 2)  
     (a) associate of (i)  offeror (Note 3)                             XXX/NO
                      (ii) offeree company                              YES/XX

Specify which category or categories of associate (1-8 overleaf)....N/A........

If category (8), explain.........N/A............................................

................................................................................
     (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more
         of the class of relevant securities dealt in)                  YES/NO

Signed, for and on behalf of the party named in (4) above......N/A..............

(Also print name of signatory)..............PAUL MARTIN........................

Telephone and extension number...........0171 658 3850..........................

Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also
identify controller of owner, eg where an owner normally acts on instructions of
a controller.

Note 2.  Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company
or with an associate of any offeror or of the offeree company in relation to
relevant securities, details of such arrangement must be disclosed, as required
by Note 6 on Rule 8............................................................
...............................................................................
...............................................................................

For full details of disclosure requirements, see Rule 8 of the Code.  If in
doubt, contact the Panel on Take-overs and Mergers, Tel. No: 0171-382 9026.

END