Director Shareholding

Brancote Holdings PLC
12 June 2002



BRANCOTE HOLDINGS PLC ('Brancote' or the 'Company')

Further to the announcements on 10 June 2002 and 11 June 2002 concerning the
exercise of share options, the Company announces that Mr David Dare, a director
of Brancote, has accepted the offer made by Meridian Gold Inc. for the share
capital of Brancote, which was announced on 4 April 2002, in respect of the
151,778 ordinary shares of 5p each which resulted from that exercise.  The
Company has further been informed that Mr Dare subsequently sold those shares in
assented form at a price of 193p per share on 11 June 2002.  Mr Dare is now
beneficially interested in 179,680 shares representing 0.20 per cent. of the
Company's issued share capital.



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