Holding(s) in Company

B.P. Marsh & Partners PLC
15 November 2006


Date: 15 November 2006

On behalf of: B.P. Marsh & Partners Plc ('B.P. Marsh' or the 'Company')

For immediate release


B.P. Marsh & Partners Plc

Share Transactions - Principal Investment Holdings Limited


B.P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early
stage financial services businesses, announces that, on 10th November 2006, the
Company purchased an additional 9,900 ordinary shares in Principal Investment
Holdings Limited ('Principal') for a consideration of £149,265. This purchase
resulted largely from the Company's exercise of its pre-emption rights on the
sale of shares by a retiring executive at Principal. Following dilution of its
previously disclosed interest in Principal from 19.12% to 18.46% due to the
exercise of some employee share options, as a result this transaction BP Marsh
has increased its interest in the company to 18.96%.

Principal is a predominantly discretionary fund manager with both private and
institutional clients. BP Marsh made its first investment in Principal in
December 1999, investing a total of £2,651,956 over the intervening years
bringing the Company's total investment to date to £2,810,221. As at 31 July
2006, its holding in Principal was valued at £7,240,000.


Commenting on the purchase, Brian Marsh OBE, Chairman of BP Marsh, said:


'Principal Investment Holdings has been making excellent progress in
consolidating and building this extremely successful business in the fund
management field with funds under management exceeding £920m. We are delighted
to have been able to acquire these additional shares, largely from a retiring
executive of the company and look forward to any similar opportunities in the
future.'


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For further information:


B.P. Marsh & Partners Plc www.bpmarsh.co.uk

Brian Marsh OBE                              [phone]


Redleaf Communications (PR to BP Marsh)

Emma Kane/Andrew Dunn                        [phone]


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Notes to Editors:


•  Further information is available on Principle at the
   company's website: www.principalinvestment.co.uk




About B.P. Marsh & Partners plc
Additional information about BP Marsh and its management:


BP Marsh's current portfolio contains nine companies. More detailed descriptions
of the portfolio can be found at www.bpmarsh.co.uk.


Over the past 16 years, the Company has assembled a management team with
considerable experience both in the financial services sector and in managing
private equity investments. Many of the directors have worked with each other in
previous roles, and all have worked with each other for at least three and a
half years.


Prior to Brian Marsh's involvement in the Company, he spent many years in
insurance broking and underwriting in Lloyd's as well as the London and overseas
market. He has over 30 years' experience in building, buying and selling
financial services businesses, particularly in the insurance sector.


Managing Director, Natasha Dunbar, has over 10 years' experience in the
financial services industry. Having joined the Company in 1994 she was made
managing director in March 2002. Natasha is responsible for the day to day
running of all operational aspects of the business and works closely with Brian
Marsh in defining the strategic development of the Company.


Investment Director Stephen Crowther joined the Company in 1998. He has over 27
years' experience in the London insurance market, in both broking and
underwriting. He researches potential investments, advises investee businesses
and monitors their progress.


Francis de Zulueta is the Company's Development Director. With a wide-ranging
knowledge of the financial services market, he seeks out, researches and
evaluates potential new investments for BP Marsh. Following a 23-year broking
career with Willis Faber and Aon, among others, he took an active interest in
the mergers, acquisitions and venture capital business of Marsh McLennan.







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