Brierley Investments - Y2K Compliance Programme

RNS No 8406v
BRIERLEY INVESTMENTS LIMITED
11 August 1999

                          Year 2000

The following reports on the Company's readiness for Y2K compliance and
reiterates our approach as detailed in previous communications.

Brierley Investments Limited (BIL) has a year 2000 compliance programme,
which is being monitored by the Audit Committee of the Board.

BIL does not have key trading partners or key customers and suppliers as
such and accordingly its compliance programme is being progressed at two
levels:

1 .     Head and Regional Offices.

2.      Subsidiary & Associate Companies.

Head and Regional Offices

At both our Head Office and Regional Offices we have required written
assurances of year 2000 compliance or the appropriate proposals that
address particular compliance problems. These cover.

* All computers and software used internally within our offices.

* All external services dependant on computer systems, such as share
  registry, telephones, news and data services etc.

* Buildings in which our offices are located in terms of lifts, security
  systems, air conditioning, etc.

This covers a variety of computer systems and processes and various
external advisors have been used to ensure the relevant systems and
environments are compliant or modified where required.

An interim report in early June indicated that compliance programmes were
virtually complete, other than a few minor issues, and a further update
to 30 June 1999 is currently being prepared to tie in with our financial
year-end. Our current expected date for compliance is 30 September 1999.
Our external Auditors will review this as part of their annual review and
appropriate notes will be included in the Annual Report.

The estimated total cost of compliance is not expected to be significant
and has been included within operational budgets (including testing and
modification).

Subsidiary and Associate Companies

As BIL subsidiary and associate companies are principally public listed
companies, the direct responsibility for year 2000 compliance lies with
each company. BIL's representatives on the board of these companies are
charged with the responsibility of ensuring that the companies do have a
satisfactory year 2000 compliance programme. The cost of compliance rests
with the subsidiary or associate company. We have however requested
updates at BIL level to ensure these programmes are in place and
progressing in a timely manner.

Contingency Plans

BIL's principal plan is that of offsite back up storage which is also in
place to cover any natural disaster. The failure of a system on 1 January
2000 is not critical to the operation of the Company and would not create
a business continuity risk.

Further Information

Should shareholders or investors require further information they should
direct their inquiries to the Company's Group Accountant.


M B Horton
Company Secretary

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