Disposal

Berkeley Berry Birch PLC
19 January 2006


Berkeley Berry Birch plc ('BBB')

Disposal of Private Insurance Portfolio division

BBB, via its subsidiary, Berry Birch & Noble Insurance Brokers Limited, has
disposed of the current client bank of its Private Insurance Portfolio division
to the management team of that division for a consideration of £275,000.

Private Insurance Portfolio is a trading style of Berry Birch & Noble Insurance
Brokers Limited and provides specialist insurance products to wealthy
individuals. The bulk of the business transacted is in respect of high value
homes and their contents. The total premiums received by this division in the 12
month period to 30 September 2005 were approximately £1.3 million, upon which
commission income of around £0.3 million was earned. The gross assets
transferred with the business amount to approximately £2,000.

This disposal will benefit the BBB Group by removing the financial commitment to
what was a start up enterprise. The new owners are committed to the financial
investment needed for the future development of this business.

It is anticipated that the sale proceeds will be applied to meeting the BBB
Group's working capital requirements.

For further information contact

Andrew Shortis, Group Managing Director
Berkeley Berry Birch plc

024 7623 2176



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