Announcement








                  Company Goldman Sachs & Co.
                  TIDM
                  Headline Rule 8 - Oxford Glycosciences
                  Released 12:03 25 Mar 2003
                  Number 1646J






FORM 8.1/8.3


Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
Use a separate form for each class of securities in which dealings have
been made.

Date of Disclosure
      25 March 2003


DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON
TAKEOVERS AND MERGERS

Date of dealing
      24 March 2003


Dealing in (name of company)
      Oxford Glycosciences plc


1. Class of securities (eg ordinary shares)
      American Depositary Receipt


2.
      Amount bought     Amount sold     Price per unit (USD)
                            100               2.85


3. Resultant total of the same class owned or controlled (and percentage
of class)
      00.000%


4. Party making disclosure
      Goldman, Sachs & Co.


5. EITHER (a) Name of purchaser / vendor (Note 1)
      Goldman, Sachs & Co.

OR (b) if dealing for discretionary client(s), name of fund management
organisation

6. Reason for disclosure (Note 2)
 (a) associate of
(i)  offeror (Note 3)             NO
(ii) offeree company                 YES

Specify which category or categories of associate (1-8 overleaf)
2
If category (8), explain
 (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or
more of the class of relevant securities dealt in)           NO

Signed, for and on behalf of the party named in (4) above
      Peter Highton


(Also print name of signatory)
      Peter Highton


Telephone and Extension number
      0207-774-1935




Note 1.     Specify owner, not nominee or vehicle company. If relevant,
also identify controller of owner, eg where an owner normally acts on
instructions of a controller
Note 2.     Disclosure might be made for more than one reason; if so,
state all reasons.
Note 3.     Specify which offeror if there is more than one.
Note 4.    When an arrangement exists with any offeror, with the
offeree company or with an associate of any offeror or of the offeree
company in relation to relevant securities, details of such arrangement
must be disclosed, as required by Note 6 on Rule 8.
Note 5.     It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that all
relevant information can be given.
Note 6.     In the case of an average price bargain, each underlying
trade should be disclosed.
For full details of disclosure requirements, see Rule 8 of the Code.
If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. Email: monitoring@disclosure.org.uk

DEFINITION OF ASSOCIATE
It is not practicable to define associate in terms which would cover
all the different relationships which may exist in an offer. The term
associate is intended to cover all persons (whether or not acting in
concert) who directly or indirectly own or deal in the shares of an
offeror or the offeree company in an offer and who have (in addition
to their normal interests as shareholders) an interest or potential
interest, whether commercial, financial or personal, in the outcome
of the offer. Without prejudice to the generality of the foregoing,
the term associate will normally include the following:
(1)   an offeror's or the offeree company's parent, subsidiaries and
fellow subsidiaries, and their associated companies, and companies of
which such companies are associated companies (for this purpose
ownership or control of 20% or more of the equity share capital of a
company is regarded as the test of associated company status);
(2)   banks and financial and other professional advisers (including
stockbrokers)* to an offeror, the offeree company or any company
covered in (1), including persons controlling#, controlled by or under
the same control as such banks, financial and other professional
advisers;(3)   the directors (together with their close relatives and
related trusts) of an offeror, the offeree company or any company
covered in (1);(4)   the pension funds of an offeror, the offeree
company or any company covered in (1);
(5)   any investment company, unit trust or other person whose
investments an associate manages on a discretionary basis, in respect
of the relevant investment accounts;
(6)   a person who owns or controls 5% or more of any class of relevant
securities (as defined in paragraphs (a) to (d) in Note 2 on Rule 8)
issued by an offeror or an offeree company, including a person who as
a result of any transaction owns or controls 5% or more. When two or
more persons act pursuant to an agreement or understanding (formal or
informal) to acquire or control such securities, they will be deemed
to be a single person for the purpose of this paragraph. Such
securities managed on a discretionary basis by an investment management
group will, unless otherwise agreed by the Panel, also be deemed to be
those of a single person (see Note 8 on Rule 8); and(7)   a company
having a material trading arrangement with an offeror or the offeree
company.Paragraphs (1)-(7) are typical cases. Paragraph (8) below is
a category to cover associate status not within (1)-(7).
(8)     Other.
Notes
* References to a "bank" do not apply to a bank whose sole relationship
with a party to an offer is the  provision of normal commercial banking
services or such activities in connection with the offer as confirming
that cash is available, handling acceptances and other registration work.
References to "financial and other professional advisers (including
stockbrokers)", in relation to a party to an offer, do not include an
organisation which has stood down, because of a conflict of interest or
otherwise, from acting for that party in connection with the offer. If
the organisation is to have a continuing involvement with that party
during the offer, the Panel must be consulted.  Unless the Panel is
satisfied that the involvement is entirely unconnected with the offer,
the above exclusion will not normally apply.
# The normal test for whether a person is controlled by, controls or is
under the same control as another person will be by reference to the
definition of control contained in the Code.  There may be other
circumstances which the Panel will regard as giving rise to such a
relationship (eg where a majority of the equity share capital is owned
by another person who does not have a majority of the voting rights);
in cases of doubt, the Panel should be consulted.

END