Change of Adviser

Capcon Holdings PLC
21 March 2003

                Capcon Holdings plc ('Capcon' or the 'Company')

                               Change of Adviser


The Board of Capcon announces that Williams de Broe Plc has been appointed as
nominated adviser and broker to the Company.



Further enquiries:


Cliff Cavender                   Managing Director, Capcon Holdings plc           Tel: [phone]

Louis Castro                     Williams de Broe Plc                             Tel: [phone]




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