RNS No 4046p
BGI ENDOWMENT FUND 111 LIMITED



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    BGI ENDOWMENT FUND 111 LIMITED

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    BARCLAYS PLC THROUGH ITS SUBSIDIARY BARCLAYS BANK PLC

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

    N/A

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

    ZEBAN NOMINEES LIMITED                        166,500
    BARCLAYS BANK TRUST COMPANY LTD-R97         1,915,517
    TOTAL                                       2,082,017

5)  Number of shares/amount of stock acquired.

    N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

    N/A

8)  ( N/A %) of issued Class

9)  Class of security

    N/A

10) Date of transaction

    N/A

11) Date company informed

    13 JULY 1999

12) Total holding following this notification

    2,082,017

13) Total percentage holding of issued class following this notification

    10.38%

14) Any additional information

    N/A

15) Name of contact and telephone number for queries

    KATE WILSON
    ABACUS ASSET MANAGEMENT LIMITED
    01534 602822

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

    Date of Notification..14 JULY 1999..........


END

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