Trading Statement

Berkeley Berry Birch PLC
9 July 2002

9 July 2002


                                 Berkeley Berry Birch
                                   Trading update





Berkeley Berry Birch plc (BBB) today announces a trading update in advance of
its preliminary results on 29 July 2002.

Since the merger of Berkeley Financial Services Group and Berry Birch & Noble in
January 2002, the enlarged Group's new management team has accelerated the
review of BBB's reporting procedures and accounting policies, particularly with
regard to Berry Birch & Noble Financial Services.  As a result, the Board has
decided to take a more prudent approach to income recognition and provisioning,
which will result in an additional one-off charge of around £700,000 for the
financial year ended 31 March 2002.  However, trading continues to be positive
and revenues for the year will be in line with expectations at around £24
million (£54 million on a proforma basis).



For further information please contact:

Berkeley Berry Birch plc
Stephen Ingledew
Group Deputy Chief Executive              07774 185 779 or 020 7563 6100


Citigate Dewe Rogerson
Patrick Toyne Sewell/Fiona Bradshaw       020 7638 9571





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