Issue of Equity

Braemar Seascope Group PLC
21 February 2005

                     Braemar Seascope Group plc ('Braemar')

             Issue of Equity pursuant to the acquisition of Seawise



The Board of Braemar is pleased to announce that, further to the announcement of
10 February 2005 the consideration shares to be issued pursuant to the
acquisition of Seawise Australia Pty Ltd ('Seawise'), a privately owned
shipbroking business based in Australia is agreed at 833,898 new ordinary
shares.



Application will be made to the UK Listing Authority for 833,898 new ordinary
shares of 10 pence each in the capital of Braemar to be admitted to the Official
List of the UK Listing Authority and to trading on the London Stock Exchange's
market for listed securities.   It is expected that admission will take place
and dealings will commence in such new ordinary shares on 25 February 2005.
Following this there will be 19,453,316 ordinary shares in issue.



For further information, contact:


Braemar Seascope Group plc
Alan Marsh                                                 Tel [phone]
James Kidwell                                              Tel [phone]
Aquila Financial
Patrick d'Ancona                                           Tel [phone]
Peter Reilly                                               Tel [phone]
Charles Stanley & Company Limited
Philip Davies                                              Tel [phone]





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