SAR - Brandon Hire

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: 10/01/03 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of acquisition: 09/01/03 Acquisition in: Brandon Hire PLC (1) (a) Class of voting shares (e.g. ordinary shares): Ordinary Shares of 10p (1) (b) Number of shares / rights over shares acquired: 95,000 shares N/A rights (1) (c) If rights over shares acquired, as opposed to the shares themselves, specify nature of rights: N/A (2) (a) Resultant total holding of voting shares (and % of total voting shares in issue): 4,940,000 (18.35%) (2) (b) Resultant total holding of rights over shares (and % of total voting shares in issue): N/A (0.00%) (2) (c) Total percentage: 18.35% (3) Party making disclosure: Aberforth Partners (as Investment Managers) (4) (a) Name of person acquiring shares or rights over shares: Aberforth Partners (as Investment Managers) and, if different, beneficial owner: N/A (4) (b) Names of any other persons acting by agreement or understanding see SAR 5): N/A Signed, for and on behalf of the party named in (3) above: N/A - Electronic Submission (Also print name of signatory): Angus McCallum, For Aberforth Partners Telephone and extension number: 0131 220 0733 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. (E-mail: monitoring@disclosure.org.uk) ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/10/20030110BIT00470/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/10/20030110BIT00470/wkr0002.pdf