RNS No 4994h
BRIERLEY INVESTMENTS LIMITED
15 September 1999

DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK

Brierley Investments Limited (BIL) announces that it has acquired 6,472,113
(0.2%) of its ordinary shares pursuant to its cash buyback offer (announced on 7
September 1999) through the Exchange's order matching market.

Particulars of the acquisition are as follows:

Date 1999           Number              Cost $

13 September           541,080          0.47
14 September         2,975,874          0.47
14 September         2,945,159          0.48
14 September            10,000          0.49

The number of ordinary shares now on issue is 2,978,801,829.

The shares acquired are not being held as treasury stock.

END

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