Rule 8.3- Newport Network Group

    RNS Number : 2282Z
  GAM International Management Ltd
  16 July 2008
   

      RULE 8.3 ANNOUNCEMENT NEWPORT NETWORK GROUP PLC- REPLACEMENT   

      RNS NUMBER: 2002Z

      DATE AND TIME OF ANNOUCEMENT: 16 JULY 2008 11:49AM

       Amendments made:

        2.   Interests, short positions and Rights to Subscribe (a) - Holding in relevant securities (ordinary
              shares) amendment from 4,018,462 to 0.00 Percentage holding amended from: 1.10% to: 0.00%

       3.  Dealings (a) Purchases and sales: Number of securities sold amended from: 4,018,462 to:
            6,060,340

                                                                                                                                            
              FORM 8.3
      DEALINGS BY PERSONS WITH INTEREST 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)         GAM INTERNATIONAL MANAGEMENT
                                          LIMITED
 Company dealt in                         Newport Network Group
 Class of relevant security to which the  Ordinary
 dealings being disclosed relate (Note
 2)

 Date of dealing                          15 July 2008


    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                       (%)
                                 (%)
 (1) Relevant securities:        0.00                        
 Ordinary shares                   0.00%

 (2) Derivatives (other than     0.00                        
 options)  CFDs                  0.00%

 (3) Options and agreements to
 purchase/sell

 Total


    (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       (%)

 (1) Relevant securities 

 (2) Derivatives (other than options)

 (3) Options and agreements to
 purchase/sell

 Total


    (c)    Rights to subscribe (Note 3)

 Class of relevant security:  Details





    3.    DEALINGS (Note 4)

    (a)    Purchases and sales

 Purchase/sale           Number of securities  Price per unit (Note 5) 

 (Ordinary shares) Sale  6,060,340             �0.00336



    (b)    Derivatives transactions (other than options)

 Product name,   Long/short (Note 6)  Number of securities  Price per unit (Note 5)
 e.g. CFD                             (Note 7)
 CFD             Short                2,041,990             �0.003349



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

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




    (ii)    Exercising

 Product name, e.g. call option  Number of securities  Exercise price per unit (Note 5)




    (d)    Other dealings (including new securities) (Note 4)

 Nature of transaction (Note 8)  Details  Price per unit (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)                YES/NO


                                                                              
 Date of disclosure                                               16 July 2008

 Contact name                                                    KEMI THOMAS

 Telephone number                                                020 7917 2346

 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



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