FLXT Frk Ftse Tw Etf

RNS Number:3702H
Flextech PLC
15 March 2000

The issuer has made the following amendment to the Rule 8 Disclosure
announcement released on 14 March 2000 at 16:11 under RNS No 2528H.

Section 2 - The transaction was a purchase of 450 shares and not a sale of 450
shares as published.

Section 3 - Resultant total of the same class owned or controlled (and
percentage of class ) should read '2,708,108' and not '2,707,658' as published.
The percentage remains the same.

All other details remain unchanged.

The full corrected version is shown below.

                                  Date of Disclosure..14TH MARCH 2000.

                    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....13TH MARCH 2000....................

Dealing in........FLEXTECH..............(name of company)

1)  Class of securities (eg ordinary shares).ORDINARY 10P...

2)  Amount bought                Amount sold             Price per unit

        450                          ---                   #17.58P

3)  Resultant total of the same class owned or controlled 
    (and percentage of class)..2,708,108..............(1.71%)


4)  Party making disclosure.....CAZENOVE & CO..............


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


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

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

If category (8), explain.............................................

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  YES

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

(Also print name of signatory).....A.A.D. MCKERRELL....................

Telephone and extension number.....0171 588 2828 EXT 2321....................


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 which 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.......................
         ....................................................................
         ....................................................................
         ....................................................................
         ....................................................................

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

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

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