RNS Number:0564O
Savoy Asset Management PLC
28 July 2003


Stock Exchange Announcement

28th July 2003


For immediate release


SAVOY ASSET MANAGEMENT PLC


Directors Dealings



On the 24th July 2003, Kenneth Clarke purchased 8,000 Ordinary Shares at #1.25
each.  His total holding is now 12,000 shares, representing 0.14% of the
Company's issued share capital.



On the 24th July 2003, Paul Tarran purchased 2,500 Ordinary Shares at #1.25
each.  His total holding is now 10,000 shares, representing 0.12% of the
Company's issued share capital.



Enquiries:          Paul Tarran - Finance Director 020 7659 8083


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