Placing & Additional Listing

Brancote Holdings PLC
6 June 2001


                            Brancote Holdings Plc


                        Placing and Additional Listing


The Company is pleased to announce that they placed on 5 June 2001, 1,000,000
new ordinary shares at 165p per share to raise £1,650,000 of working capital
to fund the ongoing feasibility study at the Esquel Gold Project in Argentina.
The shares have been placed through the Company's broker, Seymour Pierce
Limited, with institutional clients.

Application has been made for these shares to be admitted to the Alternative
Investment Market of the London Stock Exchange and admission is expected on 11
June 2001. The new shares will rank pari passu with the existing ordinary
shares in the Company.