Directorate Change

Braemar Group PLC
13 June 2006


APPOINTMENT OF FINANCE DIRECTOR

The Board of Braemar Group plc is pleased to announce the appointment of
Jonathan Murphy as Finance Director with immediate effect.

Jonathan, an MBA graduate, qualified as a Chartered Accountant with
PricewaterhouseCoopers, Manchester in 1996, before heading up teams in Bangkok
in 1999, providing strategic advice to stakeholders on restructuring.

Prior to joining Braemar in February 2006, Jonathan was Strategy Manager for
Spirit Group, the largest managed pub group in the UK. The company was acquired
by Punch Taverns in a £2.7bn deal in December 2005.

Marc Duschenes, Managing Director of Braemar Group and former City Analyst at
Dresdner Kleinwort Wasserstein, commented:

'Jonathan has already proved to be a great asset to the company, and brings with
him a wealth of strategic and transactional experience ensuring that the
execution of the company's strategy will be in the best interests of our
shareholders.'

Jonathan added:

'Braemar is operating in a niche, but fast growing sector, and I am looking
forward to working with the management team in profiting from the opportunities
that pension de-regulation and residential property bring.'

Braemar Group's core activity is the creation and management of a number of
residential property investment funds, via collective and tax efficient
investment schemes, including pensions, targeted at high net worth individuals.
Wheddon Ltd, which is owned by Investec Trust - the trustee for the Tchenguiz
family trust owns 21 per cent of the group.


Jonathan Murphy


Current Directorships                                   Past Directorships

None                                                    None


Save as disclosed in this announcement, as at the date of this announcement,
Jonathan Murphy has not:

• any unspent convictions in relation to indictable offences; or

• been declared bankrupt or made any individual voluntary arrangement; or

• been a director of a company at the time of or within the twelve months
  preceding any receivership, compulsory liquidation, creditors' voluntary
  liquidation, administration, voluntary arrangement or any composition or
  arrangement with creditors generally or any class of creditors; or

• been a partner in a partnership at the time of or within the twelve
  months preceding the partnership being subject to a compulsory liquidation,
  administration or partnership voluntary arrangement; or

• had any asset subject to receivership or been partner of any
  partnership at the time of or within the twelve months preceding any asset of
  such partnership being subject to a receivership; or

• been subject to any public criticism by statutory or regulatory
  authorities (including recognised professional bodies), nor disqualified by a
  court from acting as a director of a company or from acting in the management 
  or conduct of the affairs of any company


There is no further information to disclose in respect of Jonathan Murphy under
paragraph (g) of schedule 2 of the AIM Rules.


For further information please contact:


Marc Duschenes - Managing Director               Tel: [phone]

Martin Robinson - Chairman                       Tel: [phone]


Julie Serrage - Investor Relations               Tel: [phone]

Alex Clarkson - Zeus Capital Limited             Tel: [phone]

Charles Ryland - Buchanan Communications         Tel: [phone]


Note to editors


Braemar Group plc ('Braemar') creates and manages residential property
investment funds, via collective and tax efficient investment schemes, targeted
at the high net worth individual community.


Braemar launched its first unregulated collective investment scheme in April
2003.  Coronation Limited Partnership was set up to invest in residential
property carrying capital allowances affording its investors a blend of exposure
to the residential sector and tax relief.  A second fund, The Coronation II
Limited Partnership closed for new investment in December 2004 and a third fund,
The Coronation III Limited Partnership, was launched in September 2005.


Braemar's income streams can be broadly divided into four categories:


1.  Fund Management.  Braemar receives an annual management fee plus a carried 
    interest or performance fee, which may be linked to an index.



2.  Property Management.  Once a fund is put in place, Braemar either manages it 
    in-house or sources all property management functions, including overseeing 
    development and project management, arranging finance and insurances, 
    tenancy management and rent collection.  Whilst project driven fees 
    typically generate a high margin up front, the longer term management 
    activity provides Braemar with a trail of recurring fee income.


3.  Property Trading and Development.  Braemar also trades reversionary 
    residential property, acting as agent or principal and from time to time is 
    involved in property development on its own account.


4.  Corporate Finance.  This division primarily acts as sponsor to our own 
    in-house funds, and will in later months offer corporate services, fund 
    design and fund promotion to external ventures.


Following pension deregulation, the UK market for collective investment schemes,
particularly those in residential property, is expected to grow.  Most funds
have been targeted at the pensions market and have, under current legislation,
been restricted to investment in commercial property.  The pensions market had
been expecting a relaxation of the rules to permit individuals to hold
residential property in their personal pension funds from 6th April 2006, known
as A-day.  However, the Chancellor, in his pre-Budget statement in December
2005, announced that individuals will only be permitted to hold an interest in
residential property in their pension funds via investments in residential
property funds.  Braemar intends to create a range of collective property funds
that will be suitable for investment by individuals via their personal pension
funds to be launched after A-day.


                      This information is provided by RNS
            The company news service from the London Stock Exchange