UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
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)
JANUARY 27, 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]]
- ---------------------------------
- --------------------------------------------------------------------------------
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 BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING 0
PERSON WITH --------------------------------------------
8 SHARED VOTING POWER
476,568
--------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------
10 SHARED DISPOSITIVE POWER
650,988
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,988
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.06%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, BK, CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------
CUSIP No. [[37244T10]]
- ---------------------------------
- --------------------------------------------------------------------------------
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 BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING 0
PERSON WITH ---------------------------------------------
8 SHARED VOTING POWER
473,524
--------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------
10 SHARED DISPOSITIVE POWER
647,945
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,945
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.02%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, IA
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------
CUSIP No. [[37244T10]]
- ---------------------------------
- --------------------------------------------------------------------------------
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 BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING 0
PERSON WITH ---------------------------------------------
8 SHARED VOTING POWER
303,691
--------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------
10 SHARED DISPOSITIVE POWER
456,529
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
456,529
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.35%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, IA
- --------------------------------------------------------------------------------
<PAGE>
ITEM 1. SECURITY AND ISSUER
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 2. IDENTITY AND BACKGROUND
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 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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 MGAM. Since the
filing of Schedule 13D Amendment No. 1 on October 14, 1997, the MGAM Managers
and Deutsche Morgan Grenfell (C.I.) Limited ("DMGCI") have purchased and sold
Oridinary Shares and ADRs in open market transactions at market prices. Such
prices have ranged from a high of 414.9 French Francs to a low of 303.0 French
Francs per Ordinary Share and from a high of $23.63 to a low of $17.50 per ADR.
The net effect of such purchases and sales has been to reduce the beneficial
ownership of such Reporting Person 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) DBAG may be deemed the beneficial owner of Ordinary Shares as
set forth on the applicable cover page.
(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)
and DMGCI 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 wholly-owned 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 wholly-owned 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 an indirect wholly-owned 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, Channel
Islands.
During the last five years, neither MGIS, MGIFM nor DMGCI 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 and MGCI. 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 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 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: February 4, 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>
<CAPTION>
Present Principal
Name and Citizenship Business Address Occupation or Employment
<S> <C> <C>
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
</TABLE>
<PAGE>
II. MGAM
Each person named below is a director or executive officer of MGAM,
whose principal business is described above in Item 2.
<TABLE>
<CAPTION>
Present Principal
Name and Citizenship Business Address Occupation or Employment
<S> <C> <C>
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
Herr 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
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
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 Grenfell Group 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
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
Martin A. Hall 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
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
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 Martyn- Morgan Grenfell Asset Member of the Board
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
60325 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
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
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
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>
<PAGE>
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 Occupation or
Name and Citizenship Business Address Employment
<S> <C> <C>
Stephen W. 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
Paul C. Berriman Morgan Grenfell Investment Management Member of the Board of Managing
British Limited Directors, Morgan Grenfell
20 Finsbury Circus Investment Management Limited
London
England
EC2M 1NB
Mark A. Burgess 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 J. 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
Shaun A. Coleman 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 N. 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
Charles J.C. 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
Nicholas P. 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
Steven J. 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
Peter N.S. 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
Cristina Francesca Morgan Grenfell Investment Member of the Board of Managing
Klein-Gruebler Management Limited Directors, Morgan Grenfell
Swiss 20 Finsbury Circus Investment Management Limited
London
England
EC2M 1NB
Oliver R.C. 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
Alistair D. 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 A. 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
Simon D. Peck 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 L. 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 S. 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 Asset Member of the Board of Managing
British Management Limited Directors, Morgan Grenfell
20 Finsbury Circus Asset Management Limited
London
England
EC2M 1NB
</TABLE>
The following members of the Board of Managing Directors of Morgan Grenfell
Investment Management Limited are also members of the Board of Managing
Directors of Morgan Grenfell Asset Management Limited and their citizenships,
business addresses and present principal occupations or employments are set
forth in Part II of this Schedule A.
Neil R. Dunford
Anthony J. Creighton
Richard M. Curling
Charles Z. Curtis
Roger J. Curtis
Susanna F. Davies
William P. Dwerryhouse
Charles J.M. Franklin
Adrian C. Frost
James C.W. Goulding
Gerald V. Hough
Peter R. Lees
The Hon. Charles A. Martyn-Hemphill
William G.G. Michie
Stuart W. Mitchell
Roger P. Morris
Christopher M. Phillips
Anthony Wilkinson
Hitoshi Yamamoto
<PAGE>
SCHEDULE B
Following are the transactions in ADRs effected by the DBAG and the
MGAM Managers set forth in the past 60 days:
TRANSACTION HISTORY FOR GENSET ADS BETWEEN 11/28/97 AND 01/28/98
<TABLE>
<CAPTION>
OPERATING SECURITY TRANSACTION TRADE QUANTITY TRANS
COMPANY NAME TYPE DATE (UNITS) PRICE IN US$
<S> <C> <C> <C> <C> <C>
MGIS GENSET Sell Long 12/1/97 704 22
MGIM GENSET Sell Long 12/1/97 5000 22
MGIM GENSET Buy 12/3/97 200 22.56
MGIM GENSET Buy 12/3/97 580 22.56
MGIM GENSET Buy 12/3/97 3600 22.56
MGIM GENSET Buy 12/3/97 1050 22.56
MGIM GENSET Buy 12/3/97 2620 22.56
MGIM GENSET Buy 12/3/97 800 22.56
MGIM GENSET Buy 12/3/97 690 22.56
MGIM GENSET Buy 12/3/97 2240 22.56
MGIFM GENSET Buy 12/10/97 54248 23.03
MGIM GENSET Sell Long 12/15/97 3040 21.85
MGIM GENSET Buy 12/18/97 670 22
MGIM GENSET Buy 12/23/97 1420 20.63
MGIS GENSET Sell Long 1/7/98 1080 19.5
MGIFM GENSET Buy 1/12/98 20000 22
MGIFM GENSET Buy 1/13/98 22430 21.13
MGIM GENSET Sell Long 1/16/98 2710 20.5
MGIM GENSET Sell Long 1/20/98 25000 21.25
MGIM GENSET Sell Long 1/21/98 25000 21.5
MGIM GENSET Sell Long 1/21/98 100000 21.5
MGIM GENSET Sell Long 1/22/98 18000 21.75
MGIM GENSET Sell Long 1/26/98 25000 21
MGIM GENSET Sell Long 1/27/98 50000 21.13
</TABLE>
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
1 Consent of Morgan Grenfell Asset Management
Limited
2 Consent of Morgan Grenfell Investment
Management Limited
<PAGE>
EXHIBIT 1
Consent of Morgan Grenfell Asset Management Limited
The undersigned agrees that the Schedule 13D 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: February 6, 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 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: February 6, 1998
MORGAN GRENFELL INVESTMENT
MANAGEMENT LIMITED
By: /s/ Andrew Hume
---------------------------------
Name: Andrew Hume
Title: Senior Associate Director
