SAR 3 - (Titon Holdings PLC)

26 May 2005 11:42

Rights and Issues Inv Trust PLC26 May 2005 FORM SAR 3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.A copy must also be sent to the company the shares of which are acquired. Date of disclosure 26 May 2005 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNINGSUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of acquisition 25 May 2005 Acquisition in (name of company) TITON HOLDINGS PLC 1. Class of voting shares (eg ordinary shares) ORDINARY Number of shares/rights over shares acquired 348,838 Shares Rights If rights over shares acquired, as opposed to the shares themselves, specifynature of rights 2. Resultant total holding of voting shares (and % of total voting shares inissue) 2,065,000 19.61 % Resultant total holding of rights over shares (and % of total voting shares inissue) % Total percentage % 3. Party making disclosure Discretionary Unit Fund Managers Ltd 4. (a) Name of person acquiring shares or rights over shares Rights and Issues Investment Trust Plc 1,265,000 (12.01%) Discretionary Unit Fund 800,000 ( 7.60%) and, if different, beneficial owner (b) Names of any other persons acting by agreement or understanding (see SAR 5) Discretionary Unit Fund and Rights and Issues Investment Trust Plc Signed, for and on behalf of the party named in (3) above Nariman Ghandhi (Also print name of signatory) Telephone and extension number 020-7415-4130 Note. Under SAR 5, the holdings of and acquisitions by persons acting byagreement or understanding must be aggregated and treated as a holding of oracquisition by one person. Note 3 on SAR 5 requires persons who must aggregateholdings to disclose certain disposals. For full details of the SARs disclosure requirements, see Rules 3 and 5 of theSARs. If in doubt, contact the Panel on Takeovers and Mergers, MonitoringSection. Tel. No: 020 7638 0129. Email:monitoring@disclosure.org.uk This information is provided by RNS The company news service from the London Stock Exchange