RNS Number:1658O
Low & Bonar PLC
30 July 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     LOW & BONAR PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LANDSBANKI ISLANDS HF.

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NON-BENEFICIAL HELD IN FUND
     AFL FJARFESTINGARFELAG

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     NOT PROVIDED

5)   Number of shares/amount of stock acquired.

     300,000

6)   ( 0.30%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   ( N/A %) of issued Class

9)   Class of security

      ORDINARY 50 PENCE SHARES

10)  Date of transaction

      29/7/03

11)  Date company informed

     30/07/03

12)  Total holding following this notification

      4,052,500
               
13)  Total percentage holding of issued class following this notification

      4.0767%

14)  Any additional information



15)  Name of contact and telephone number for queries

      AMANDA WHALLEY
      020 7298 6820

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..... 30 JULY 2003






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