UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
GENSET SA
(NAME OF ISSUER)
ORDINARY SHARES, NOMINAL VALUE FF17
(TITLE OF CLASS OF SECURITIES)
37244T10
(CUSIP Number)
ROBERT LYNCH, ESQ. WITH COPIES TO: MANAGING DIRECTOR DONALD P. MADDEN, ESQ.
DEUTSCHE BANK WHITE & CASE NORTH AMERICA HOLDING CORP. 1155 AVENUE OF THE
AMERICAS 31 WEST 52ND STREET NEW YORK, NY 10036 NEW YORK, NY 10019 212-819-8800
212-474-8600
- ------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS)
APRIL 2, 1998
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box ( ).
<PAGE>
SCHEDULE 13D
- --------------------------------- --------------------------------
CUSIP No. [37244T10] Page 2 of 24 Pages
- --------------------------------- --------------------------------
- -------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DEUTSCHE BANK AG
- -------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)( )
(B)( )
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ( )
PURSUANT TO ITEMS 2(D) OR 2(E)
- -------- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
FEDERAL REPUBLIC OF GERMANY
- ----------------------------------- ------- -----------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON WITH ------- -----------------------------------
8 SHARED VOTING POWER
378,968
------- -----------------------------------
9 SOLE DISPOSITIVE POWER
0
------- -----------------------------------
10 SHARED DISPOSITIVE POWER
525,399
- -------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
525,399
- -------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
- -------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, BK, CO
- -------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- --------------------------------
CUSIP No. [37244T10] Page 3 of 24 Pages
- --------------------------------- --------------------------------
- -------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MORGAN GRENFELL ASSET MANAGEMENT LIMITED
- -------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)( )
(B)( )
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -------- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ( )
PURSUANT TO ITEMS 2(D) OR 2(E)
- -------- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND AND WALES
- ----------------------------------- ------- -----------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON WITH ------- -----------------------------------
8 SHARED VOTING POWER
349,731
------- -----------------------------------
9 SOLE DISPOSITIVE POWER
0
------- -----------------------------------
10 SHARED DISPOSITIVE POWER
496,162
- -------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,162
- -------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- -------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, IA
- -------- ----------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- --------------------------------
CUSIP No. [37244T10] Page 4 of 24 Pages
- --------------------------------- --------------------------------
- -------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MORGAN GRENFELL INVESTMENT MANAGEMENT LIMITED
- -------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)( )
(B)( )
- -------- ----------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS ( )
OO
- -------- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
- -------- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND AND WALES
- ----------------------------------- ------- -----------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON WITH ------- ------------------------------------
8 SHARED VOTING POWER
270,702
------- -----------------------------------
9 SOLE DISPOSITIVE POWER
0
------- -----------------------------------
10 SHARED DISPOSITIVE POWER
395,390
- -------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
395,390
- -------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- -------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
- -------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, IA
- -------- ----------------------------------------------------------------------
<PAGE>
ITEM 1. SECURITY AND ISSUER
The response to this item set forth in the Schedule 13D relating to
Genset SA ("Genset") filed on August 8, 1997 is incorporated herein by reference
as if set forth in this amendment in its entirety.
ITEM 2. IDENTITY AND BACKGROUND
The response to this item set forth in the Schedule 13D relating to
Genset filed on August 8, 1997 is incorporated herein by reference as if set
forth in this amendment in its entirety.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Morgan Grenfell Investment Management Limited ("MGIM"), Morgan
Grenfell Investment Services Limited ("MGIS") and Morgan Grenfell International
Funds Management Limited ("MGIFM", together with MGIM and MGIS, the "MGAM
Managers"), are wholly-owned subsidiaries of Morgan Grenfell Asset Management
Limited ("MGAM"). Since the filing of Schedule 13D Amendment No. 2 on February
12, 1998, the MGAM Managers and Deutsche Morgan Grenfell (C.I.) Limited
("DMGCI") have purchased and sold American Depositary Receipts ("ADRs") in open
market transactions at market prices. Such prices have ranged from a high of
$31.25 to a low of $24.00 per ADR. The net effect of such purchases and sales
has been to reduce the beneficial ownership of such Reporting Persons to the
levels indicated on the cover pages.
ITEM 4. PURPOSE OF THE TRANSACTION
The response to this item set forth in the Schedule 13D filed on
August 8, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)(i) Deutsche Bank AG ("DBAG") may be deemed the beneficial owner of
Ordinary Shares<F1> as set forth on the applicable cover page.
<F1> Throughout this Schedule 13D/A filing references to Ordinary
Shares includes the ADRs, which are equivalent to 1/3 of an Ordinary Share.
(ii) MGAM may be deemed the beneficial owner of Ordinary Shares as set
forth on the applicable cover page.
(iii) MGIM may be deemed the beneficial owner of Ordinary Shares as
set forth on the applicable cover page.
(iv) None of the persons listed in Schedule A is the beneficial owner
of outstanding Ordinary Shares.
(b)(i) Reference is made to the applicable cover page for each
Reporting Person for information concerning the number of shares as to which
there is sole power to vote or to direct the vote, shared power to vote or
direct the vote, sole or shared power to dispose or to direct the disposition.
(ii) In compliance with Item 5(b), the applicable information required
by Item 2 is provided below for each of the MGAM Managers (other than MGIM for
which the applicable information required by Item 2 is provided in Item 2
above), DMGCI and Deutsche Morgan Grenfell Inc. ("DMGI") with whom MGAM and DBAG
may be deemed to share the power to dispose of or direct the disposition of
Ordinary Shares and to vote or direct the vote of Ordinary Shares as stated
above.
MGIS is a subsidiary of MGAM. The principal business of MGIS is as an
investment management company. MGIS is organized under the laws of England and
Wales, and the address of its principal place of business is 20 Finsbury Circus,
London, EC2M 1NB, England.
MGIFM is a subsidiary of MGAM. The principal business of MGIFM is as
an investment management company. MGIFM is organized under the laws of England
and Wales, and the address of its principal place of business is 20 Finsbury
Circus, London, EC2M 1NB, England.
DMGCI is a subsidiary of DBAG. The principal business of DMGCI is as a
bank and investment management company. DMGCI is organized under the laws of the
Channel Islands and the address of its principal place of business is St. Paul's
Gate, New Street, St. Helier, Jersey JE4 8ZB, Channel Islands.
DMGI is a subsidiary of DBAG. The principal business of DMGI is as a
broker-dealer registered with the United States Securities and Exchange
Commission. DMGI is organized under the laws of the State of Delaware, and the
address of its principal place of business is 31 West 52nd Street, New York, New
York 10019, USA.
During the last five years, none of MGIS, MGIFM, DMGCI and DMGI has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding violation with respect to such laws.
(c)(i) During the past sixty days, DBAG acquired or disposed of
beneficial ownership of Ordinary Shares as a result of market transactions
carried out by the MGAM Managers, DMGCI and DMGI. Such purchases are set forth
in Schedule B attached hereto.
(ii) During the past sixty days, MGAM acquired or disposed of
beneficial ownership of Ordinary Shares as a result of market transactions
carried out by the MGAM Managers. Such purchases are set forth in Schedule B
attached hereto.
(iii) During the past sixty days, MGIM acquired or disposed of
beneficial ownership of Ordinary Shares as a result of market transactions
carried out by MGIM. Such purchases are set forth in Schedule B attached hereto.
(d) All dividends received on Ordinary Shares described in this
Schedule 13D/A and proceeds from the sale thereof are received for the benefit
of clients on whose behalf such Ordinary Shares have been acquired.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
The response to this item set forth in the Schedule 13D relating to
Genset filed on August 8, 1997 is incorporated herein by reference as if set
forth in this amendment in its entirety.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
Exhibit No. Description
1 Consent of Morgan Grenfell Asset Management Limited
2 Consent of Morgan Grenfell Investment Management
Limited
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: April 24, 1998
DEUTSCHE BANK AG
By: /s/ Dr. Dieter Eisele
--------------------------------
Name: Dr. Dieter Eisele
Title: Group Head of Compliance
By: /s/ Rondal Eric Powell
--------------------------------
Name: Rondal Eric Powell
Title: Vice President
<PAGE>
SCHEDULE A
I. DBAG
Each person named below is a director or executive officer of DBAG,
whose principal business is described above in Item 2.
<TABLE>
<S> <C> <C>
Present Principal
Name and Citizenship Business Address Occupation or Employment
Carl L. von Boehm-Bezing Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Rolf-E. Breuer Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Michael Dobson Deutsche Bank AG Member of the Board of Managing
United Kingdom Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Michael Endres Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Tessen von Heydebreck Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Jurgen Krumnow Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Georg Krupp Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Ronaldo H. Schmitz Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Josef Ackermann Deutsche Bank AG Member of the Board of Managing
Swiss Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Ulrich Weiss Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
<PAGE>
II. MGAM
Each person named below is a director or executive officer of MGAM,
whose principal business is described above in Item 2.
Present Principal
Name and Citizenship Business Address Occupation or Employment
James K. Anderson Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
David W. Baldt Morgan Grenfell Capital Member of the Board of Managing
American Management Incorporated Directors, Morgan Grenfell Asset
1435 Walnut Street Management Limited
4th Floor
Philadelphia, PA 19102, USA
Graham D. Bamping Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Johannes Baratta Morgan Grenfell Asset Member of the Board of Managing
Austrian Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Henry C. Benson Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Paul C. Berriman Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Colin M. Brown Morgan Grenfell Development Member of the Board of Managing
British Capital Limited Directors, Morgan Grenfell Asset
23 Great Winchester Street Management Limited
London, England
EC2P 2AX
Timothy F. Brown Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Elizabeth B. Bryan Morgan Grenfell Asset Member of the Board of Managing
Australian Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Michael Bullock Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Mark A. Burgess Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Shaun A. Coleman Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Simon J. Cooke Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Anthony J. Creighton Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
David T. Cumming Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors,
20 Finsbury Circus Morgan Grenfell Asset
London, England Management Limited
EC2M 1NB
Richard M. Curling Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Charles Z. Curtis Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Roger J. Curtis Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Susanna F. Davies Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Michael W.R. Dobson Deutsche Morgan GrenfellGroup Plc Chairman of the Board of
British 23 Great Winchester Street Managing Directors, Morgan
London, England Grenfell Asset
EC2P 2AX Management Limited
Patrick W.W. Disney Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Ernst L. Drayss Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Asset
60325 Frankfurt Management GmbH
The Federal Republic of Germany
Neil R. Dunford Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
William P. Dwerryhouse Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Nick P. Evans Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Greg C. Fisher Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
James G. Fox Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Charles James Maximilian Franklin Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Adrian C. Frost Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
James C.W. Goulding Morgan Grenfell Investment Member of the Board
British Management (Asia) Ltd of Managing
20 Raffles Place Directors, Morgan
#25-08 Ocean Towers Grenfell Asset
Singapore 0104 Management Limited
David J. Haysey Morgan Grenfell Capital Member of the Board of Managing
British Management Incorporated Directors, Morgan Grenfell Asset
1435 Walnut Street Management Limited
4th Floor
Philadelphia, PA 19102, USA
David J. Heape Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Gerald V. Hough Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Neil P. Jenkins Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Julian R. Johnston Morgan Grenfell Asset Member of the Board of Managing
American/French Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Ian D. Kelson Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Peter Lees Morgan Grenfell Asset Member of the Board
British Management Limited of Managing
20 Finsbury Circus Directors, Morgan
London, England Grenfell Asset
EC2M 1NB Management Limited
Jeremy G. Lodwick Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
The Honourable Charles Morgan Grenfell Asset Member of the Board
Martyn-Hemphill Management Limited of Managing Directors, Morgan
British 20 Finsbury Circus Grenfell Asset Management Limited
London, England
EC2M 1NB
P. McNaughton Morgan Grenfell Asset Member of the Board
Irish Management (Ireland) of Managing Directors, Morgan
Limited Grenfell Asset Management Limited
Georges Dock House
International Financial Centre
1 Dublin
Ireland
William G. Michie Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Herbert K. Michel Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Gesellschaft
60323 Frankfurt fur
The Federal Republic of Germany Fondsverwaltung mbH
James E. Minnick Morgan Grenfell Capital Member of the Board of Managing
American Management Incorporated Directors, Morgan Grenfell Asset
885 Third Avenue Management Limited
32nd Floor
New York, NY 10022-4802 USA
Stuart W. Mitchell Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Roger P. Morris Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Norman L. Murray Morgan Grenfell Asset Management Member of the Board
British Limited of Managing Directors, Morgan
20 Finsbury Circus Grenfell Asset Management Limited
London, England
EC2M 1NB
Alan Nesbit Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Simon D. Peck Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Christopher M. Phillips Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors,
20 Finsbury Circus Morgan Grenfell Asset Management
London, England Limited
EC2M 1NB
James A.J. Pulsford Deutsche Morgan Grenfell Member of the Board of Managing
British Asset Management (Japan) Directors, Morgan Grenfell Asset
Ltd, 19th Floor, Akasaka Park Management Limited
Building, 5-2-20 Akasaka,
Minato-Ku, Tokyo 107
Diane Seymour-Williams Morgan Grenfell Asset Management Member of the Board of Managing
British Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Robert H. Smith Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
William G.M. Thomas Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Simon Treacher Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Patrick N.C. Walker Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Anthony Wilkinson Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Egerton J. Wood Morgan Grenfell Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell Asset
20 Finsbury Circus Management Limited
London, England
EC2M 1NB
Hitoshi Yamamoto Deutsche Morgan Grenfell Member of the Board of Managing
Japanese Asset Management (Japan) Directors, Morgan Grenfell Asset
Ltd, 19th Floor, Akasaka Park Management Limited
Building, 5-2-20 Akasaka,
Minato-Ku, Tokyo 107
</TABLE>
III. MGIM
Each person named below is a director or executive officer of
MGIM, whose principal business is described above in Item 2.
<TABLE>
<CAPTION>
Present Principal
Name and Citizenship Business Address Occupation or Employment
<S> <C> <C>
Gerald Ashby Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Stephen Barrow Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Nick Baulch Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
William Chard Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Alastair Cuming Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Clive Dennis Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Charles Ekins Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Steven Evans Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Chistina Klein Greubler Morgan Grenfell Investment Member of the Board of Managing
Swiss Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Peter Noel Sampson Hanbury Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Mark Holden Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Mark Hudson Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Joanna Lancaster Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Oliver Larminie Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Charles McKenzie Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Alistair Morrison Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
John Murphy Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Nigel Ridge Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Karl Sternberg Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
Davina Walter Morgan Grenfell Investment Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London, England
EC2M 1NB
</TABLE>
<PAGE>
SCHEDULE B
Following are the transactions in Ordinary Shares effected by the Reporting
Persons and their subsidiaries in the past 60 days.
Transaction History for Genset Adr's between 02/05/98 and 04/06/98
<TABLE>
OPERATING TRANSACTION TRADE QUANTITY TRANS TOTAL
COMPANY TYPE DATE (UNITS) PRICE US$ AMOUNT US$
<S> <C> <C> <C> <C> <C>
MGIM Sell Long 2/5/98 10000 23 230000
MGIFM Sell Long 2/5/98 15090 23 347070
MGIM Buy 2/5/98 4350 23.25 101355
MGIS Sell Long 2/5/98 91300 23 2099900
MGIFM Sell Long 2/5/98 16260 23 373980
MGIFM Sell Long 2/5/98 70 23 1610
MGIFM Sell Long 2/5/98 2350 23 54050
MGIM Sell Long 2/9/98 4640 24.75 114557.77
MGIS Sell Long 2/10/98 591 24.94 14702.6
MGIS Sell Long 2/10/98 409 24.94 10174.9
MGIS Sell Long 2/11/98 3661 24.45 89511.45
MGIS Sell Long 2/11/98 5292 24.45 129389.4
MGIM Sell Long 2/11/98 1935 24.45 47310.75
MGIS Sell Long 2/13/98 5044 24.06 121371.25
MGIS Sell Long 2/13/98 7291 24.06 175439.69
MGIM Sell Long 2/13/98 7830 24.06 188409.38
MGIM Sell Long 2/13/98 2665 24.06 64126.56
MGIFM Buy 2/17/98 40800 24.5 1002099
MGIS Sell Long 2/18/98 2800 24.25 67730.25
MGIS Sell Long 2/18/98 6000 24.25 145136.25
MGIM Sell Long 2/20/98 1300 24.5 31699.52
MGIM Sell Long 2/20/98 1180 24.5 28773.42
MGIM Buy 2/20/98 500 24.63 12312.5
MGIM Sell Long 2/23/98 1830 24.75 45181.19
MGIM Sell Long 2/25/98 790 25.13 19848.75
MGIFM Buy 2/25/98 8800 25.13 221100
MGIM Sell Long 2/26/98 15320 27.06 414597.5
MGIM Sell Long 3/3/98 13070 27.63 361058.75
MGIFM Sell Long 3/6/98 4470 27.5 122746.2
MGIM Sell Long 3/6/98 1670 27.5 45858.2
MGIM Sell Long 3/6/98 540 27.5 14828.4
MGIFM Buy 3/6/98 7070 27.5 194707.8
MGIM Sell Long 3/6/98 320 27.38 8759.7
MGIM Sell Long 3/6/98 1250 27.38 34217.6
MGIM Sell Long 3/6/98 300 27.38 8212.22
MGIM Sell Long 3/6/98 1670 27.38 45623.29
MGIM Buy 3/9/98 1290 27.63 35636.25
MGIM Sell Long 3/10/98 4330 27.5 119075
MGIM Sell Long 3/10/98 1730 27.5 47575
MGIM Sell Long 3/10/98 1810 27.5 49775
MGIM Sell Long 3/10/98 760 27.25 20709.31
MGIM Sell Long 3/11/98 4850 27.25 131832.1
MGIM Sell Long 3/11/98 5249 27.25 142677.66
MGIM Sell Long 3/11/98 440 27.5 12099.59
MGIM Buy 3/13/98 1200 27.27 32735.45
MGIM Sell Long 3/19/98 13870 27.25 377957.5
MGIFM Buy 3/20/98 60 27.38 1681.62
MGIM Sell Long 3/23/98 11500 27.25 313375
MGIM Sell Long 3/23/98 840 27.1 22715.02
MGIM Sell Long 3/24/98 8500 27.48 233068.88
MGIFM Sell Long 3/30/98 1240 27.81 34486.35
MGIFM Sell Long 3/30/98 880 27.81 24474.17
MGIM Sell Long 3/31/98 656 28.42 18620.72
MGIS Buy 4/3/98 2300 32 73600
MGIM Sell Long 4/6/98 3158 32.38 102066.56
MGIM Sell Long 4/6/98 2144 32.43 69534.67
</TABLE>
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
1 Consent of Morgan Grenfell Asset Management
Limited
2 Consent of Morgan Grenfell Investment Management
Limited
EXHIBIT 1
Consent of Morgan Grenfell Asset Management Limited
The undersigned agrees that the Schedule 13D/A executed by Deutsche
Bank AG to which this statement is attached as an exhibit is filed on behalf of
Deutsche Bank AG, Morgan Grenfell Asset Management Limited and Morgan Grenfell
Investment Management Limited pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934.
Dated: April 27, 1998
MORGAN GRENFELL ASSET MANAGEMENT
LIMITED
By: /s/ Andrew Hume
--------------------------------
Name: Andrew Hume
Title: Senior Associate Director
<PAGE>
Consent of Morgan Grenfell Investment Management Limited
The undersigned agrees that the Schedule 13D/A executed by Deutsche
Bank AG to which this statement is attached as an exhibit is filed on behalf of
Deutsche Bank AG, Morgan Grenfell Asset Management Limited and Morgan Grenfell
Investment Management Limited pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934.
Dated: April 27, 1998
MORGAN GRENFELL INVESTMENT
MANAGEMENT LIMITED
By: /s/ Andrew Hume
--------------------------------
Name: Andrew Hume
Title: Senior Associate Director
