RNS Number:2860M
Low & Bonar PLC
12 June 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

LOW & BONAR PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LANDSBANKI ISLANDS HF.


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

NON-BENEFICIAL.
HELD IN FUND
AFL FJARFESTINGARFELAG


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

NOT PROVIDED


5)   Number of shares/amount of stock acquired.

100,000


6)   ( 0.10 %) of issued Class

7)   Number of shares/amount of stock disposed

N/A


8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY 50 PENCE SHARES


10)  Date of transaction

11/6/2003


11)  Date company informed

12/6/2003


12)  Total holding following this notification

3,077,500

               
13)  Total percentage holding of issued class following this notification

3.09%


14)  Any additional information



15)  Name of contact and telephone number for queries

AMANDA WHALLEY
020 7298 6820


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ........................12 JUNE 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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