Stmnt re Possible Acquistion

Braemar Seascope Group PLC
21 July 2003





For immediate release                             21 July 2003


     
                           Braemar Seascope Group Plc

                       Statement re Possible Acquisition


The Directors of Braemar Seascope are aware of recent market rumour and can
confirm that they are in advanced discussions with regard to the possible
acquisition of the business and assets of Cory Brothers Shipping, a shipping
agency.  If the acquisition does proceed, it is not currently anticipated that
approval by Braemar Seascope shareholders will be required.


A further announcement will be made in due course.


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]
Rupert Dearden                                      Tel [phone]




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