Disposal of Property

Braemar Group PLC
25 January 2007




                      DISPOSAL OF TOFFEE WORKS, HARROGATE


Braemar Group plc (the 'Group') has today exchanged and completed a contract for
the disposal of its property in Harrogate, known as 'Toffee Works', for
£1,290,000. The Group acquired the property in August 2006 through its wholly
owned subsidiary Heath Road Investments Limited. The Group has subsequently
secured amended planning permission, completed negotiations with all contractors
and advisers, and made a significant start to the development.


The property has been sold to Coronation IV Limited Partnership ('the
Partnership') in which Coronation IV General Partner Limited, a wholly owned
subsidiary of the Group, has a nominal holding and has managerial authority to
approve all property acquisitions and disposals on behalf of the Partnership.


The consideration has been settled in cash and will be applied by the Group to
repay the borrowings related to the property and to support working capital
requirements.  The property generated no income at the date of the transfer and
accordingly no profits are related to the property.


The Group has retained an interest in the commercial unit of the property though
its subsidiary, Braemar Investment Management Limited, as commercial property is
outside the investment criteria for the Partnership.  This unit is currently
empty and will be marketed to obtain a commercial tenant on behalf of the Group
in due course.  This commercial unit represents less than 10% of the total area
of the Toffee Works property.



The Directors consider, having consulted with the Group's Nominated Adviser,
Zeus Capital, that the terms of the transaction are fair and reasonable insofar
as its shareholders are concerned.




For further information please contact:



Martin Robinson, Chairman, Braemar Group plc

Marc Duschenes, Chief Executive, Braemar Group plc
Julie Serrage, Investor Relations, Braemar Group plc
Tel: [phone]
Alex Clarkson, Zeus Capital
Tel: [phone]



Notes to Editors



Braemar Group plc creates and promotes a range of innovative and tax efficient
financial products aimed at the high net worth community including Private
Equity, Property and Collective Investment Schemes.



Braemar has three divisions:



Fund Management

Braemar currently has four funds under management. Braemar receives an annual
management fee plus a carried interest or performance fee, which may be linked
to an index.



Braemar is also preparing for the launch of a £25 million residential property
fund that will be suitable for SIPP investment and is also monitoring the
developments in Real Estate Investment Trusts (REITs).



Property Management

This division comprises property management and block management.



Once a fund is put in place, Braemar manages the properties in-house. 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.



Braemar's block management activity, a newly established business, takes a
pro-active interest in the properties it manages and ensures a cost effective
programme of maintenance is in place that, wherever possible, enhances the value
of the properties.



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.



Corporate Finance

This division primarily acts as arranger and promoter to the various structured
investment products being launched by the Group, and offers specialist advisory
and fund raising services for both public and private companies, through a
network of high net worth individuals and financial intermediaries. This
division, Braemar Securities Limited, is authorised and regulated by the
Financial Services Authority.




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