BIE Birse Grp.

RNS Number:6609F
BSI Generali Bank (CI) Ltd
04 July 2006


                                                                        FORM 8.3


    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
             (Rule 8.3 of the City Code on Takeovers and Mergers)
 
1.     KEY INFORMATION

Name of person dealing  (Note 1)   BSI GENERALI BANK (CI) LTD
                                   AS MANAGERS OF "THE HOLLY FUND"

Company dealt in                   BIRSE GROUP

Class of relevant security         COMMON STOCK
to which the dealings 
being disclosed relate (Note 2)     

Date of dealing                    3RD JULY 2006
 

2.     INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
 
(a)    Interests and short positions (following dealing) in the class of 
       relevant security dealt in (Note 3)
 
                                               Long              Short     
                                               Number     (%)    Number     (%)
                                                       0                 0
(1) Relevant securities                                           

(2) Derivatives (other than options)                    

(3) Options and agreements to purchase/sell                    

Total                                                  0                 0
 
(b)   Interests and short positions in relevant securities of the company,
      other than the class dealt in (Note 3)

Class of relevant security:                    Long              Short     
                                               Number     (%)    Number     (%)
                                                       0                 0
(1) Relevant securities                     

(2) Derivatives (other than options)                    

(3) Options and agreements to purchase/sell                    

Total                                                  0                 0
 
(c)     Rights to subscribe (Note 3)
 
Class of relevant security:     Details                 N/A

     

3.     DEALINGS (Note 4)
 
(a)     Purchases and sales
 
Purchase/sale      Number of securities     Price per unit (Note 5)

SALE                   2 MILLION             16 PENCE (STERLING)
          
 
(b)     Derivatives transactions (other than options)
 
Product name,     Long/short     Number of securities     Price per unit 
e.g. CFD          (Note 6)       (Note 7)                 (Note 5)

               
(c)     Options transactions in respect of existing securities
(i)     Writing, selling, purchasing or varying


Product   Writing,       Number of    Exercise  Type, e.g.  Expiry  Option money
name,     selling,       securities   price     American,   date    paid/
e.g.      purchasing,    to which               European            received                
call      varying etc.   the option             etc.                per unit  
option                   relates                                    (Note 5) 
                         (Note 7) 

                             
 
 
(ii)     Exercising
 
Product name, e.g.     Number of securities      Exercise price per unit 
call option                                      (Note 5)
          
 
(d)     Other dealings (including new securities)(Note 4)
 
Nature of transaction      Details               Price per unit 
(Note 8)                                         (if applicable) (Note 5)
          

4.     OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced.  If none, this should be
stated.

         NONE




Is a Supplemental Form 8 attached? (Note 9)                    NO
 
 
Date of disclosure                                             4/7/06

Contact name                                           PETER CREED / TOBY HUGHES

Telephone number                                          (01481) 703065

If a connected EFM, name of 
offeree/offeror with which connected     

If a connected EFM, state nature of connection (Note 10)     

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk 





                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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