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                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
                       WITH RECOGNISED INTERMEDIARY STATUS
                      DEALING IN A CLIENT-SERVING CAPACITY
                       (Rule 38.5(a) of the Takeover Code)
1.   KEY INFORMATION
Name of exempt principal      J.P. Morgan Securities Ltd.
trader
Company dealt in              Forth Ports Plc
Class of relevant security    Ordinary Shares
to which the dealings being
disclosed relate (Note 1)
Date of dealing               10 March 2010
2.   DEALINGS (Note 2)
(a)  Purchases and sales
Total number of          Highest price paid      Lowest price paid (Note
securities purchased     (Note 3)                3)

205                      14.03 GBP               13.99 GBP

Total number of          Highest price received  Lowest price received
securities sold          (Note 3)                (Note 3)

22                       14.00 GBP               14.00 GBP
(b)  Derivatives transactions (other than options)
Product       Long/short       Number of securities   Price per unit
name,         (Note 4)         (Note 5)               (Note 3)
e.g. CFD




(c)  Options transactions in respect of existing securities
(i)  Writing, selling, purchasing or varying
Product       Writing,    Number of    Exerc   Type,    Expiry  Option
name,         selling,    securities   ise     e.g.     date    money
e.g. call     purchasin   to which the price   American         paid/rece
option        g,          option               ,                ived per
              varying     relates              European         unit
              etc.        (Note 5)             etc.             (Note 3)

 (ii)     Exercising
Product name, e.g. call  Number of securities    Exercise price per unit
option                                           (Note 3)


3.   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.
Date of disclosure                         11  March 2010
Contact name                               Richard Lock
Telephone number                           020 7325 4513
Name of offeree/offeror with which         Forth Ports Plc
connected
Nature of connection (Note 6)              J.P.Morgan Cazenove Limited, an
                                           affiliate of J.P.Morgan
                                           Securities Ltd., is acting as
                                           financial adviser to
                                           Northstream Consortium,
                                           consisting of Arcus
                                           Infrastructure, RREEF
                                           Infrastructure and Peel
                                           Holdings.

Notes
The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
 www.thetakeoverpanel.org.uk