SUB Subsea Res.

RNS Number:8214H
Fidelity International Ltd
15 November 2007



                                                                        FORM 8.3



    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)



1.         KEY INFORMATION


Name of person dealing  (Note 1)             FMR LLC and/or one or more of its 
                                              direct or indirect subsidiaries
                                                          And
                                           Fidelity International Limited and/or 
                                               one or more of its direct and
                                                  indirect subsidiaries

Company dealt in                                   Subsea Resources Plc


Class of relevant security to which the            Ordinary Shares
dealings being disclosed relate (Note 2)

Date of dealing                                    14 November 2007




2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE



(a)       Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)


                                                             Long                              Short


                                               Number                           Number
                                                          (%)                              (%)

(1) Relevant securities                        1,875,000 (0.52%)


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total                                          1,875,000 (0.52%)





b)        Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 3)


Class of relevant security:                                  Long                              Short


                                               Number                           Number
                                                          (%)                              (%)

(1) Relevant securities


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total



(c)       Rights to subscribe (Note 3)

Class of relevant security:                    Details



3.         DEALINGS (Note 4)

(a)       Purchases and sales


Purchase/sale                          Number of securities                  Price per unit (Note 5)


Sale                                         3,117,100                          0.0143 GBP/Share



(b)       Derivatives transactions (other than options)


Product name,         Long/short (Note 6)       Number of securities (Note 7)        Price per unit (Note 5)

e.g. CFD






(c)       Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product name,         Writing, selling, Number of securities  Exercise   Type, e.g.      Expiry     Option money
                        purchasing,     to which the option              American,
e.g. call option      varying etc.      relates (Note 7)      price      European etc.   date       paid/received per
                                                                                                    unit (Note 5)





(ii)        Exercising


Product name, e.g. call option         Number of securities                  Exercise price per unit (Note 5)






(d)       Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)         Details                               Price per unit (if applicable) (Note 5)




4.         OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced.  If none, this should be
stated.


Is a Supplemental Form 8 attached? (Note 9)   NO


Date of disclosure                                                     15 November 2007

Contact name                                                           David Merryweather

Telephone number                                                       01737 837149

If a connected EFM, name of offeree/offeror with which connected       N/A


If a connected EFM, state nature of connection (Note 10)               N/A



Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






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

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