Completion of Acquisition

Braemar Group PLC
31 October 2007

                 Braemar Group plc ('Braemar' or 'the Company')

                           Completion of Acquisition


31 October 2007



Further to the announcement on 3 October 2007, Braemar Group plc is pleased to
announce the completion of the acquisition of the business and certain related
assets of the residential apartment management division of Main and Main
(Developments) Limited.



The business and assets of the apartment management division have been acquired
for £525,000, to be satisfied in cash. The assets being acquired comprise the
office equipment and relationships with management companies and tenants.  The
division employs 9 staff, all of whom will transfer to Braemar and relocate to
Braemar's offices in Hale, Cheshire.  The division has been acquired by
Braemar's wholly owned subsidiary, Braemar Estates (Residential) Limited,
(formerly Braemar Investment Management Limited).



For the avoidance of doubt, Braemar has not acquired the residential estate
agency of Main & Main (Developments) Limited nor any of its related companies.



For further information please contact:-



Martin Robinson, Chairman, Braemar Group plc             0161 929 4969

Marc Duschenes, Chief Executive, Braemar Group plc       0161 929 4969

Alex Clarkson/Nick Cowles, Zeus Capital                  0161 831 1512




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