AGM Statement

Berkeley Berry Birch PLC
23 October 2002


23 October 2002


                            Berkeley Berry Birch plc

                             Results of AGM and EGM


Berkeley Berry Birch plc ('BBB'), the national financial services distribution
group, today announces that all of the resolutions proposed at the Annual
General Meeting and the Extraordinary General Meeting of the Group held earlier
today were duly passed.

The EGM resolutions included approval of the allotment of 27,027,028 New
Ordinary Shares at a Placing Price of 74p each to raise £20 million to enable,
inter alia, BBB to acquire a mix of national and regional IFA firms and complete
the development of the infrastructure required to support the resulting enlarged
Group.  The new shares were taken up by a mix of the Group's existing
shareholders and new institutional investors.

Cliff Lockyer, Group Chief Executive Officer of BBB, recently reported the
recent formation of two new businesses by the Group:

•    Direct Protect Limited, a new network targeting the growing protection
     market which already has over 300 agents signed up.  Direct Protect will 
     offer a selection of products, such as term life insurance, critical 
     illness and mortgage protection from the UK's leading providers.

•    Alpha to Omega (UK) Limited, a new IFA network which will target IFA firms 
     with a turnover in excess of £300,000 and seek to grow the value of their
     businesses.

Sir Jeremy Black, Chairman of BBB, added: 'The approval of the Placing and the
creation of these new businesses are important steps in our strategy of becoming
the UK's leading financial services distribution group for higher value
customers.  We strongly believe the actions we have undertaken since our last
AGM have significantly strengthened the Group strategically and financially and
we expect to consolidate our position further over the short to medium term.'


For further information please contact:

Berkeley Berry Birch plc
Stephen Ingledew, Group Deputy Chief Executive              07774 185 779

Citigate Dewe Rogerson
Patrick Toyne Sewell / Fiona Bradshaw                       020 7638 9571


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