Statement re Press Comment

BWD Securities PLC
14 August 2000



BWD Securities PLC ('BWD')


The Board of BWD confirms that, contrary to speculation in Sunday's press, no
approach has been received from any party relating to an offer for BWD.


Enquiries:

Mike Burns
Chief Executive, BWD                                   0151 236 5904

David Forbes
NM Rothschild & Sons                                   0113 200 1909