Appointment of Stockbroker

BWD SECURITIES PLC
4 October 1999


BWD Securities PLC
Appointment of Stockbroker

The Board of BWD Securities PLC ('BWD') announces the appointment, with
immediate effect of Charterhouse Securities Limited as sole broker to the
Company.

Enquiries:

BWD Securities PLC               Mike Burns, Chief Executive  0113 245 4488

Charterhouse Securities Limited  Ben Money-Coutts, Director   0171 248 4000

Charterhouse Securities Limited  Mike Cuthbert, Director