RNS No 1506n
MERRILL LYNCH INTERNATIONAL
28 July 1999

                                                           FORM 38.5 (SUMMARY)
                                         

                       CONNECTED EXEMPT MARKET-MAKERS:                        
                 
    DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS      
                                   

Name of EMM               Merrill Lynch International                         
   
Date of disclosure               July 28, 1999                            

Contact name               Linda Blatt                            

Telephone number               0171 772 1040                             

Please see attached disclosure of dealings under Rule 38.5 in the securities  
of the following companies:                                          

Cable & Wireless Communications plc                                          

Cable & Wireless  plc                                          

Cable & Wireless  plc                                          

Celltech plc                                          

Celltech plc                                          

Chiroscience Group plc                                          

AMENDMENT                                          

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:                  
                       
Cable & Wireless Communications plc (26/07/99) - amendment to shares sold     
                                    
Cable & Wireless  plc (26/07/99) - amendment to shares bought and sold        
                                 
Cable & Wireless  plc (23/07/99) - amendment to shares sold                   
                      
Celltech plc (26/07/99) - amendment to shares bought                          
               
Celltech plc (23/07/99) - amendment to shares bought                          
               
Chiroscience Group plc (26/07/99) - amendment to shares sold                  
                       
                                          
In the case of option business or dealings in derivatives full details should 
be given on a separate sheet so that the nature of the dealings can be fully  
understood.  For options this should include the number of securities under   
option, the exercise period (or in the case of exercise, the exercise date),  
the exercise price and any option money paid or received.  For derivatives    
this should include, at least, the number of reference securities to which    
they relate (when relevant), the maturity date (or if applicable the closing  
out date) and the reference price.                                          

For full details of disclosure requirements see Rules 8 and 38 of the Code.   
                                      
If in doubt contact the Monitoring Section of the Panel,                      
                   
Tel. No: 0171 638 0129                                          

                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         


                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Cable & Wireless Communications plc           
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 26/7/1999                     

Name of EMM                     Merrill Lynch International                   
               
Name of offeree/offeror with whom connected   
                                Cable & Wireless Communications plc       


Total number of securities purchased                            383,319       
                                   
Highest price paid*                                             #7.35       
                                   
Lowest price paid*                                              #6.80       
                                   
                                          
Total number of securities sold                                 486,707       
      
Highest price received*                                         #7.39         
                                          
Lowest price received*                                          #6.80         
    

*Currency must be stated                                          
                                          
                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         

                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Cable & Wireless  plc                         
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 26/7/1999                            

Name of EMM                     Merrill Lynch International                   
               
Name of offeree/offeror with whom connected
                                Cable & Wireless Comms plc       


Total number of securities purchased                            486,574       
                                   
Highest price paid*                                             #7.85       
                                   
Lowest price paid*                                              #7.43       
                                   
                                   
Total number of securities sold                                 584,124       
      
Highest price received*                                         #7.95         
    
Lowest price received*                                          #7.44         
    

*Currency must be stated                                          
                                          
                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         

                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Cable & Wireless  plc                         
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 23/7/1999                            

Name of EMM                     Merrill Lynch International                   
                      
Name of offeree/offeror with whom connected
                                Cable & Wireless Comms plc       


Total number of securities purchased                            444,152       
                                   
Highest price paid*                                             #7.95       
                                   
Lowest price paid*                                              #7.66       
                                   
                                   
Total number of securities sold                                 329,654       
      
Highest price received*                                         #7.955        
                                          
Lowest price received*                                          #7.61         
    

*Currency must be stated                                          
                                          
                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         

                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Celltech plc  
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 26/7/1999                            

Name of EMM                     Merrill Lynch International                   
                      
Name of offeree/offeror with whom connected                           
                                Chiroscience Group plc              


Total number of securities purchased                            4,380
                            
Highest price paid*                                             #4.80
                            
Lowest price paid*                                              #4.80
                            
                            
Total number of securities sold                                 Nil
                            
Highest price received*                                         n/a           
  
Lowest price received*                                          n/a           
  

*Currency must be stated                                          
                                          
                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         

                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Celltech plc                            
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 23/7/1999                            

Name of EMM                     Merrill Lynch International                   
                      
Name of offeree/offeror with whom connected                           
                                Chiroscience Group plc              


Total number of securities purchased                            
                            
Highest price paid*                                             #4.80
                            
Lowest price paid*                                              #4.80
                            
                            
Total number of securities sold                                 403
                            
Highest price received*                                         #4.96
                            
Lowest price received*                                          #4.96         
    

*Currency must be stated                                          
                                          
                                          
AMENDMENT                                          
                                                                     FORM 38.5
                                         

                          CONNECTED EXEMPT MARKET-MAKERS:                     
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                    

Dealing in                      Chiroscience Group plc                        
                                (name of company)

Class of security               Ordinary                            

Date of disclosure              28/7/1999                            

Date of dealing                 26/7/1999                            

Name of EMM                     Merrill Lynch International                   
                      
Name of offeree/offeror with whom connected                           
                                Chiroscience Group plc              


Total number of securities purchased                            13,281       
                                   
Highest price paid*                                             #2.95       
                                   
Lowest price paid*                                              #2.95       
                                   
                                   
Total number of securities sold                                 863       
                                   
Highest price received*                                         #3.02       
                                   
Lowest price received*                                          #3.01       


* Currency must be stated                                          
                                          

END

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