Holding(s) in Company

BWD Securities PLC
17 December 2002

BWD SECURITIES PLC



COMPANY ANNOUNCEMENT



The Company was today informed by HSBC Asset Management (Europe) Limited that,
following the disposal of 1,055,000 Ordinary 10p shares of the Company, its
discretionary holding represents 14.26% of the issued share capital of that
class.





END


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