Exercise of share options

Brancote Holdings PLC
18 May 2001

      Announcement for immediate release to Company Announcements Office

                          EXERCISE OF SHARE OPTIONS


                   Brancote Holdings plc (or 'the Company')


Application has been made for the admission to trading on AIM of 730,500
ordinary shares of 5p each in the Company.  The ordinary shares were issued in
connection with the exercise of 730,500 options at 28p each.


Trading in these shares is due to commence on Wednesday 23 May 2001.


18 May 2001