Acquisition - Replacement

Brancote Holdings PLC
22 November 2001


The issuer advises that the following replaces the Acquisition announcement
released on 22 November 2001 at 11:06 hrs under RNS: 5422N.

The correct Company Name in the final sentence of the first paragraph should
read Triak Finance Limited and not Villagarden SA as previously stated.

All other details remain unchanged.  The full amended text appears below.


Date       22 November 2001

Contact    Richard Prickett, Chairman
           Bill Humphries, Managing Director
           Brancote Holdings PLC                        020 7493 1002

           David Bick / Chris Steele
           Holborn Public Relations                     020 7929 5599
                                           [e-mail]
                                         [e-mail]




                             BRANCOTE HOLDINGS PLC

         Brancote increases its interest in Esquel Gold Project to 76.4%


Brancote Holdings PLC announces that it has acquired Villagarden SA, a
subsidiary of Triak Finance Limited.  Villagarden SA holds a 2.4% interest in
the share capital of Minera El Desquite SA (MED) the owners of the Esquel Gold
Project.  The consideration paid was 2,604,621 ordinary shares in Brancote
Holdings plc, and Triak Finance Limited has agreed not to dispose of its
holding for a minimum period of 12 months.

It is anticipated that listing of the new 2,604,621 consideration shares will
take place on 28 November 2001.


22 November 2001


                                   - ENDS -