RNS Number:5155P
Savoy Asset Management PLC
08 September 2003

For immediate release


8th September 2003


Stock Exchange Announcement


SAVOY ASSET MANAGEMENT PLC

On 3rd September 2003, a former employee of Savoy Asset Management PLC ("Savoy")
exercised options granted under an approved share option scheme over 2,500
ordinary 10p shares in Savoy at an option price of 90p per share.  Application
has been made to have the shares listed on AIM.

Enquiries:  Paul Tarran - Finance Director, Savoy Asset Management PLC - 
            020 7659 8083

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