Exercise of Options

Brancote Holdings PLC
12 April 2002

For  release at 07h30 on Friday 12 April 2002

BRANCOTE HOLDINGS Plc ('THE COMPANY')

Exercise of Options

The Company was notified on 10 April 2002 that Cavendish Partners Limited are
exercising their options 449,500 ordinary shares of 5 pence each in the Company.
The exercise price payable for each Ordinary Share is 28 pence and
subscription monies for the aggregate subscription amount of £125,860 have been
received by the Company.

Accordingly, pursuant to the exercise of these options, 449,500 Ordinary Shares
have been allotted, conditional on such shares being admitted to trading on AIM.
Application has been made for admission to trading on AIM in respect of such
shares.  Admission is expected to take place on 17 April 2002.

12 April 2002

Contact  Richard Prickett, Chairman

Bill Humphries, Managing Director

Brancote Holdings PLC 020 7493 1002



END



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