RNS Number:3494D
Life Offices Opportunities Tst PLC
6 January 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

LIFE OFFICES OPPORTUNITIES TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE SECURED PROFITS FUND II LIMITED

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 INTEREST

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

THE ROYAL BANK OF SCOTLAND (I.O.M.) LIMITED
 1,000,000

5)   Number of shares/amount of stock acquired.

300,000

6)   ( 1.2 %) of issued Class

7)   Number of shares/amount of stock disposed

N/A

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

15 DECEMBER 1999

11)  Date company informed

6 JANUARY 2000

12)  Total holding following this notification

1,000,000 ORDINARY SHARES               
              
13)  Total percentage holding of issued class following this notification

4.1%

14)  Any additional information

ISSUED SHARE CAPITAL OF LIFE OFFICES OPPORTUNITIES TRUST PLC IS CURRENTLY
24,400,000 ORDINARY SHARES

15)  Name of contact and telephone number for queries

CAROLINA VIOLA 0131 226 6699

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

     Date of Notification .....6 JANUARY 2000......


END
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