RNS Number:0470G
Peel Hunt PLC
23 February 2000


                                                           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 plc
..............................................................................


Date of disclosure:    23 FEBRUARY 2000
..............................................................................


Contact name:          Simon Chambers
..............................................................................


Telephone number:      020 7418 8988
..............................................................................


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

..............................................................................
ENNSTONE PLC
..............................................................................
LOFTUS ROAD PLC
..............................................................................
STYLO 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:  ENNSTONE PLC (name of company)
..............................................................................

Class of security:       ORDINARY  
..............................................................................
 
Date of disclosure:  23 FEBRUARY 2000
..............................................................................

Date of dealing:  22 FEBRUARY 2000
..............................................................................

Name of EMM:  PEEL HUNT plc
..............................................................................

Name of offeree/offeror with whom connected:  ENNSTONE PLC
..............................................................................





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

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

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





Total number of securities sold        ...15,000...........................

Highest price received*                ...#0.35..........................
.
Lowest price received*                 ...#0.35..........................



*Currency must be stated






 


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


Dealing in:  LOFTUS ROAD PLC (name of company)
..............................................................................

Class of security:  ORDINARY
..............................................................................
 
Date of disclosure:  23 FEBRUARY 2000
..............................................................................

Date of dealing: 22 FEBRUARY 2000
..............................................................................

Name of EMM:  PEEL HUNT plc
..............................................................................

Name of offeree/offeror with whom connected:  LOFTUS ROAD PLC
..............................................................................





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

Highest price paid*                    ...#0.1025.............................

Lowest price paid*                     ...#0.1025............................





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:  STYLO PLC (name of company)
..............................................................................

Class of security:  ORDINARY 
..............................................................................
 
Date of disclosure:  23 FEBRUARY 2000
..............................................................................

Date of dealing: 22 FEBRUARY 2000
..............................................................................

Name of EMM:  PEEL HUNT plc
..............................................................................

Name of offeree/offeror with whom connected:  STYLO PLC
..............................................................................





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

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

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





Total number of securities sold        ...25,000.......................

Highest price received*                ...#0.39...........................
.
Lowest price received*                 ...#0.39...........................



*Currency must be stated



END

EMMSEDSADSSSEFE


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