Directors' Dealings

BWD SECURITIES PLC
16 August 1999



BWD SECURITIES PLC  -  SAVINGS RELATED SHARE OPTION SCHEME

A total of 397,883 Ordinary Shares in the Company were allocated on 13th
August 1999 at an option price of £3.57 per share.

The number of shares allocated under the Scheme to Directors of the Company
are as follows:

B A Anysz            2,713
M H Burns            2,713
M J Dickinson        2,713
N C Williams         2,713