Exercise of warrants

Brancote Holdings PLC
22 January 2002

For immediate release

BRANCOTE HOLDINGS Plc ('THE COMPANY')

Exercise of Warrants

The Company was notified on 21 January 2002 that Williams de Broe are exercising
underwriter warrants to subscribe for 1,000,000 ordinary shares of 5 pence each
in the Company.  The subscription price payable for each Ordinary Share is 13.5
pence and subscription monies for the aggregate subscription amount of £135,000
have been received by the Company.

Accordingly, pursuant to the exercise of these warrants, 1,000,000 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 25 January 2002.

22 January 2002

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



END



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