Dividend

BWD Securities PLC
22 June 2001

INTERIM DIVIDEND
SECURITY TITLE
*Ord Shs
MNEMONIC CODE         *BWD
SEDOL CODE            *070-070
DIVIDEND AMOUNT       *6.0p
PERIOD                *Six months ended 31-05-01
PROVISIONAL EX DATE   *22-08-01
RECORD DATE           *24-08-01
PAYMENT DATE          *01-10-01
NOTES *