Share Offer Closed

Berkeley Berry Birch PLC
21 January 2002



                       Berkeley Berry Birch plc ('BBB')
  
                      (formerly Berry Birch & Noble plc) 

   Share Offer for Berkeley Financial Services Group plc ('Berkeley') Closed

BBB announces that as at 3.00pm on 18 January 2002 it had received valid
acceptances in respect of 191,000,000 Berkeley Shares representing 100% of its
existing issued ordinary share capital. BBB held no Berkeley Shares before the
Offer was made. The Offer, which was declared wholly unconditional on 4 January
2002, has now closed.

BBB will allot a further 3,052,891 Ordinary Shares in BBB to shareholders in
Berkeley who have accepted the Offer subsequent to 11.00am on 4 January 2002 and
by 3.00pm on 18 January 2002. Following completion of the Offer, and having
regard to the treatment of fractions under the Offer, BBB will have a revised
enlarged issued ordinary share capital of 60,258,289 Ordinary Shares and The UK
Listing Authority and London Stock Exchange will be advised to adjust BBB's
listed share capital accordingly. Unless the context otherwise requires, the
definitions contained in the Offer Document dated 7 December 2001 apply in this
announcement.

The BBB directors accept responsibility for the information contained in this
announcement other than the information relating solely to the Berkeley Group,
the Berkeley Directors, their immediate families and persons connected with the
Berkeley Directors. To the best of the knowledge and belief of the BBB Directors
(who have taken all reasonable care to ensure that such is the case), the
information contained in this announcement for which they accept responsibility,
is in accordance with the facts and does not omit anything likely to affect the
import of such information.

The Berkeley Directors accept responsibility for the information contained in
this announcement relating solely to the Berkeley Group, the Berkeley Directors,
their immediate families and persons connected with the Berkeley Directors. To
the best of the knowledge and belief of the Berkeley Directors (who have taken
all reasonable care to ensure that such is the case), the information contained
in this announcement for which they accept responsibility, is in accordance with
the facts and does not omit anything likely to affect the import of such
information.

Brewin Dolphin Securities Limited, which is regulated in the United Kingdom by
the Financial Securities Authority, has approved the content of this
announcement for the purposes of Section 21 of the Financial Services and
Markets Act 2000. Brewin Dolphin Securities Limited is acting exclusively for
Berkeley Berry Birch plc and no-one else in connection with the Offer and will
not be responsible to anyone other than Berkeley Berry Birch plc for providing
the protections afforded to its clients or for providing advice in relation to
the Offer or the contents of this announcement.

Enquiries

For further information contact:

Berkeley & Berkeley Berry Birch
Craig Butcher                          02476 232010

Brewin Dolphin Securities              0141 221 7733 
Jamie Cumming

Citigate Dewe Rogerson                 020 7638 9571 
Patrick Toyne Sewell

Fiona Bradshaw

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan.




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