Ex Capitalisation Details

Bulgin PLC
22 March 2000

CAPITALISATION ISSUE
SECURITY TITLE
*Ord Shs/'A' Non.V Ord Shs
MNEMONIC CODE        *BGN/BGNA
SEDOL CODE           *152-600/152-622
TERMS                *Shareholders will receive:
                      A compensatory Bonus Issue of 8 New Ord Shares for Each
                      Ord Share held.
DEALINGS COMMENCE NEW SHARES *07-04-00
PROVISIONAL EX DATE  *07-04-00
RECORD DATE          *06-04-00
NOTES *