Placing of New Ordinary Shares Sale of Properties

Buckland Investments PLC
25 November 1999


                         Placing of new ordinary shares
                               Sale of properties

Buckland has placed 3,000,000 new ordinary shares at a price of  10p  each  to
raise  £300,000 of new capital (before expenses). Application will be made for
the new ordinary shares to be admitted to trading on AIM and it is expected that
dealings will commence on 30th November 1999.

The proceeds of the placing will be used to acquire the 20% minority interest in
Connectic Metallo SA currently owned by present and former managers of that
company and the 10% minority interest in Euro Asia Connectors Co Ltd  currently
owned by our Thai partner in that business. The total consideration for  these
purchases will be about £ 210,000. The balance of the funds raised will be  used
to  provide  additional working capital, in particular for the setting up in
Thailand of metal treatment operations. Following the  acquisition of these
minority interests, Buckland will own 100% of all its subsidiaries.

Connectic Metallo SA has exchanged contracts for the sale of its freehold site
at  Vitry sur Seine, near Paris, for a total consideration of French francs 2.40
million  (£240,000  approx.). The sale, which is conditional on planning
consents, is in two phases. The sale of land and buildings which are no longer
utilised by Connectic is due to be completed no later than 26th February 2000
for a  consideration of FFr 1.00m. The sale of the rest of the site, which
comprises  manufacturing and office facilities currently in use, is due to be
completed  by  30th July 2000 for a consideration of FFr 1.40m.

The sale of this site ( for a sum in excess of book value ) will represent the 
last step in the completion of the process of  transferring  all Connectics
manufacturing  activities to Thailand. As already advised to  shareholders,  the
transfer of the stamping operations from Vitry will commence in January and will
be  completed  in  time for the factory to be vacated by the end  of  next July.
Connectic's remaining operations in France (commercial, design and development,
finance  and  administration) will be relocated to smaller, leasehold  premises.
The transfer of all manufacturing operations to Thailand and the relocation  of
the remaining  functions  is expected to result in a significant  reduction  in
Connectic's manufacturing and operating costs.

Enquiries:

Buckland Investments plc
Patrick Rogers
Chairman
Tel: [phone]