Trading Statement

Braemar Seascope Group PLC
28 September 2004


Tuesday 28 September 2004


                           BRAEMAR SEASCOPE GROUP PLC

                                 TRADING UPDATE

The Directors are pleased to announce that the positive start to the current
financial year, referred to in the statement made at the Annual General Meeting
on 23 June 2004, has continued in the months since, against a background of firm
shipping markets.

Strong global demand for oil has maintained the high freight rates for deep sea
tankers and to date these have shown no sign of weakening.

The dry bulk market began the year with rates at extremely high levels and while
the market did soften in early Summer it has since strengthened again
significantly above the long term averages.

Similarly, the container shipping market has seen strong growth in recent months
with every prospect of the market remaining firm for the remainder of the year.

Sale and purchase activity has continued well, benefiting from good transaction
volume and higher ship values which reflect the increase in most vessels'
earnings capabilities.

The Board is confident that the Group will now significantly exceed market
expectations for the year ended 28 February 2005, although the eventual outcome
will be contingent on activity levels, values and timing of delivery of business
in the remaining 5 months of the year.

The Company will be announcing its interim results for the six months ended 31
August 2004 in late November.


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]



                      This information is provided by RNS
            The company news service from the London Stock Exchange