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EUROPEAN COLOUR on "bid" alert

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fhmktg - Wed, 04 Jan 06 :

FORM SAR 3


DISCLOSURE OF ACQUISITIONS
(Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer FORVALTNINGS AB BRONSSTADET

Beneficial owner, if different from above PETER GYLLENHAMMAR



Names of any other persons acting by agreement
or understanding (see SAR 5)

Company dealt in EUROPEAN COLOUR PLC

Class of voting shares (eg ordinary shares) ORDINARY SHARES

Date of acquisition 03/01/06



Number of shares acquired 590,000

Number of rights over shares acquired #

Nature of rights over shares




Total holding of voting shares (and percentage of 9,757,613(20.9%) (THIS INCLUDES
total voting shares in issue) SHARES OWNED BY THE UNION DISCOUNT
COMPANY OF LONDON LIMITED AND
NAKTERHUSET AB, WHICH ARE BOTH
WHOLLY OWNED BY PETER GYLLENHAMMAR)
Total holding of rights over shares (and
percentage of total voting shares in issue)

Combined total holding (and percentage) of
voting shares and rights over shares




Date of disclosure 04/01/06

Contact name LYNNE JEFFREY ON BEHALF OF UNION INVESTMENT
MANAGEMENT LTD

Telephone number 0207 256 3954


# See the definition of "rights over shares" in the Definitions Section
of the SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

Over 20% now - either he belives the strategy or he's ready to make a move!
Any views or gossip from within?


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