Re Directorate
May 29 2001 - 8:23AM
UK Regulatory
RNS Number:3201E
Brierley Investments Limited
29 May 2001
BRIERLEY INVESTMENTS LIMITED
SIR SELWYN CUSHING STEPS ASIDE AS CHAIRMAN OF BIL
The Board of Directors of Brierley Investments Limited ("BIL") wishes to
announce that Sir Selwyn Cushing has stepped aside as Chairman of the
Board of BIL pending the outcome of a proposal by Quantas Airways to
acquire a significant shareholding in Air New Zealand from both BIL and
Singapore Airlines Limited.
Earlier today Sir Selwyn advised the New Zealand Stock Exchange that,
pending the same outcome, he is also stepping aside as Chairman of Air New
Zealand.
Sir Selwyn will remain as a director of both Air New Zealand and BIL.
Submitted by Jane Teah, Company Secretary on 29/05/2001 to the SGX
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