Interim Management Statement

Braemar Seascope Group PLC
20 June 2007


                               BRAEMAR SEASCOPE GROUP plc
         ____________________________________________________________________
                                   PRESS RELEASE


For immediate release                                               20 June 2007


                           Braemar Seascope Group plc

                          Interim Management Statement

At the Braemar Seascope Group plc Annual General Meeting held today, Alan Marsh,
the Chief Executive, provided the following update on the Group's trading after
the first quarter of the new financial year.

Shipbroking revenues are well ahead of the first quarter of last year despite
the weaker US dollar. Activity levels have been strong in all areas, but
particularly so in newbuilding and dry cargo chartering where freight rates
remain high. The first half results will also benefit from the inclusion of a
strong performance from our container desk which last year was only 50% owned by
the Group. Tanker and specialised product chartering has performed steadily and
the level of period business fixed continues to grow. Our forward book has grown
substantially over the first quarter due to net additions in newbuilding orders,
resale activity and increased involvement period charter business.

Our other business segments are all performing well and we expect to deliver
revenue and profit growth in the first half. In particular DV Howells has been
providing a range of advisory and clean-up services for the container vessel MSC
Napoli which will see its revenues grow significantly.

Wavespec's involvement in the Qatari LNG project was recently boosted by the
extension of its supervision contract which now extends for another 2-3 years.
Cory Brothers has been successful in winning new business which will
significantly increase the annual number of port calls it handles.

Overall the trading to date has been better than we had expected such that the
Group's first half profits should be comfortably ahead of last year's pre-tax
profits of £5.0 million (before impairment) and indeed similar to the pre-tax
profits for the second half of last year which were £6.0 million. The growth in
our forward book together with new business won are a positive indicator for the
year as a whole.


Ends

For further information, contact:

Braemar Seascope Group plc
     Alan Marsh                                               Tel [phone]
     James Kidwell                                            Tel [phone]
Aquila Financial
     Peter Reilly                                             Tel [phone]
Charles Stanley Securities
     Philip Davies                                       Tel [phone]





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