RNS Number:6250U
Morgan Stanley Securities Ld(EMM)
26 January 2004

                                                             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: Morgan Stanley Securities Limited.........

Date of disclosure: 26 January 2004..........................

Contact name: Espen Marthinussen...........................

Telephone number: 020 7677 5468............................

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

Amersham Plc

Egg Plc

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 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 derivative
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 the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129




FORM 38.5

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


Dealing in: Amersham Plc.......................(name of company)

Class of security: Ordinary Shares..................................

Date of disclosure: 26 January 2004................................

Date of dealing: 23 January 2004....................................

Name of EMM: Morgan Stanley Securities Limited......................

Name of offeree/offeror with whom connected:  Amersham Plc (Offeree).....


Total number of securities bought: 400,001

Highest price paid*: # 7.92....................

Lowest price paid*:  # 7.91.................


Total number of securities sold: 44............

Highest price received*: # 7.92 ...............

Lowest price received*:  # 7.91 ...............



Dealing in: Amersham Plc.......................

Class of security: Hedging against 'Contract for Difference' ("CFD")..........

Date of disclosure:  26 January 2004..................

Date of dealing: 23 January 2004....................................

Name of EMM: Morgan Stanley Securities Limited......................

Name of offeree/offeror with whom connected:  Amersham Plc (Offeree).....



Product type long 'Contract for Difference' ("CFD")

Maturity Date: 13 October 2005

Writing of CFD

Number of Ordinary Shares to which the CFD is referenced: 400,000

CFD reference price*: # 7.91...............



Program Trading

Total number of securities sold: 43......

Price received: # 7.92..................





FORM 38.5

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


Dealing in: Egg Plc.......................(name of company)

Class of security: Ordinary Shares..................................

Date of disclosure: 26 January 2004................................

Date of dealing: 23 January 2004....................................

Name of EMM: Morgan Stanley Securities Limited......................

Name of offeree/offeror with whom connected:  Egg Plc by virtue of being
financial advisor to Prudential Plc (Offeree).....


 Total number of securities bought: 0

Highest price paid*: # ....................

Lowest price paid*:  #.................


Total number of securities sold: 3,800............

Highest price received*: # 1.90 ..................

Lowest price received*:  # 1.90 ..................



Dealing in: Egg Plc.......................

Class of security: Hedging against 'Contract for Difference' ("CFD")............

Date of disclosure:  26 January 2004..................

Date of dealing: 23 January 2004....................................

Name of EMM: Morgan Stanley Securities Limited......................

Name of offeree/offeror with whom connected:  Egg Plc by virtue of being
financial advisor to Prudential Plc (Offeree).....



Product type short 'Contract for Difference' ("CFD")

Maturity Date: 03 October 2005

Closing of CFD

Number of Ordinary Shares to which the CFD is referenced: 3,800

CFD writing price*: # 1.89...............




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