Change of Adviser

Brancote Holdings PLC
15 July 2002


BRANCOTE HOLDINGS Plc ('THE COMPANY')

Change of Nominated Adviser

Following the announcement by Meridian Gold Inc. on 4 July 2002 that its Offer
had been declared wholly unconditional, the Company announces that Grant
Thornton have resigned as its Nominated Adviser and Brown, Shipley & Co. Limited
has been appointed as its Nominated Adviser with immediate effect.

This appointment will remain in effect until the de-listing of the Company's
shares, notice of which was announced on 12 July 2002.


15 July 2002

END



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