Consideration re Acquisitions

Berkeley Berry Birch PLC
28 September 2004


                            Berkeley Berry Birch plc




The Board of Berkeley Berry Birch plc, the financial services distribution
group, announces that, on 27 September 2004, it agreed to allot the following
Ordinary shares in respect of additional consideration due to the vendors of two
subsidiary companies acquired in 2003.

MacRobins plc

1,524,725 ordinary shares in Berkeley Berry Birch plc have been allotted to the
vendors of MacRobins plc, the insurance broker and employee benefits company, in
full and final settlement of the balance of additional consideration payable in
accordance with the Sale and Purchase Agreement dated 29 July 2003.

Professional Financial Solutions Limited

400,000 ordinary shares in Berkeley Berry Birch plc have been allotted to the
vendors of Professional Financial Solutions Limited, the regional independent
financial adviser, in satisfaction of obligations under the Acquisition
Agreement dated 23 January 2003 for the entire issued share capital of
Professional Financial Solutions Limited.

This amount, which represents the first earn out period pursuant to the
Acquisition Agreement, was payable in respect of profits generated by the
business acquired by Berkeley Berry Birch in respect of the period from 23
January 2003 to 31 March 2004. The second and final earn out period under the
Acquisition Agreement runs from 1 April 2004 to 31 March 2005, in which up to a
further £300,000 may be payable to the vendor.

The additional consideration in respect of both the above acquisitions was fully
provided for in the Company's audited report and accounts at 31 March 2004.

Application is being made to the Stock Exchange for the above shares to be
listed. Admission will become effective and dealing in these shares is expected
to commence on 1 October 2004.


Contact: Craig Butcher, Group Financial Director

Telephone: [phone]






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