Trading Statement

Braemar Seascope Group PLC
25 October 2004



                           BRAEMAR SEASCOPE GROUP PLC

                                 TRADING UPDATE

Further to the announcement made on 28 September 2004, trading has continued at
very high levels particularly in the sale and purchase market supported by an
increase in freight rates in the crude oil and bulk carrier freight markets.



The Board is confident that the Group will materially 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 four months of the year.



The Company will be announcing its interim results for the six months ended 31
August 2004 in late November 2004 at which time a further update on current
trading will be provided.



25 October 2004

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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