RNS No 7716e
PEEL HUNT & COMPANY LIMITED
6 May 1999

 
                                                           FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel.  Use a separate form
for each class of securities in which dealings have been made.


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



Name of EMM:    PEEL, HUNT & COMPANY LIMITED
..............................................................................


Date of disclosure:    6 MAY 1999
..............................................................................


Contact name:    IAN DUNTON
..............................................................................


Telephone number:    0171 418 8910
..............................................................................


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

INN BUSINESS GROUP PLC
..............................................................................
GREYCOAT PLC
..............................................................................
UNITED CARRIERS 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:

..............................................................................

..............................................................................

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




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



Dealing in:  INN BUSINESS GROUP PLC
(name of company).............................................................


Class of security:  ORDINARY
..............................................................................
 

Date of disclosure:  6 MAY 1999
..............................................................................

Date of dealing:  5 MAY 1999
..............................................................................

Name of EMM:  PEEL, HUNT & COMPANY LIMITED
..............................................................................
.

Name of offeree/offeror with whom connected:  INN BUSINESS GROUP PLC
..............................................................................
.





Total number of securities purchased   ..NIL................................

Highest price paid*                    ..#0.00..............................

Lowest price paid*                     ..#0.00..............................





Total number of securities sold        ..3,000..............................

Highest price received*                ..#0.765.............................

Lowest price received*                 ..#0.765.............................



*Currency must be stated



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



Dealing in:  GRYCOAT PLC
(name of company).............................................................


Class of security:  ORDINARY
..............................................................................
 

Date of disclosure:  6 MAY 1999
..............................................................................

Date of dealing:  5 MAY 1999
..............................................................................

Name of EMM:  PEEL, HUNT & COMPANY LIMITED
..............................................................................
.

Name of offeree/offeror with whom connected:  DELANCEY ESTATES PLC
..............................................................................
.





Total number of securities purchased   ..25,240.............................

Highest price paid*                    ..#2.37..............................

Lowest price paid*                     ..#2.37..............................





Total number of securities sold        ..NIL................................

Highest price received*                ..#0.00..............................

Lowest price received*                 ..#0.00..............................



*Currency must be stated

 



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



Dealing in:  UNITED CARRIERS GROUP PLC
(name of company).............................................................


Class of security:  ORDINARY
..............................................................................
 

Date of disclosure:  6 MAY 1999
..............................................................................

Date of dealing:  5 MAY 1999
..............................................................................

Name of EMM:  PEEL, HUNT & COMPANY LIMITED
..............................................................................
.

Name of offeree/offeror with whom connected:  UNITED CARRIERS GROUP PLC
..............................................................................
.





Total number of securities purchased   ..35,000.............................

Highest price paid*                    ..#0.205.............................

Lowest price paid*                     ..#0.205.............................





Total number of securities sold        ..30,000.............................

Highest price received*                ..#0.21..............................

Lowest price received*                 ..#0.21..............................



*Currency must be stated

END

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