Fund Launch

Braemar Group PLC
16 October 2006


RNS RELEASE
BRG/16/10/06

BRAEMAR LAUNCHES ITS FOURTH FUND


Braemar Group plc has launched its fourth affordable housing residential
property investment fund, Coronation IV Limited Partnership. This Partnership
has been formed to invest in vacant property above shops carrying capital
allowances, continuing the series of tax driven residential property funds.

Coronation IV Limited Partnership, promoted by Braemar Group's wholly-owned
subsidiary, Braemar Securities Limited, aims to enable investors to invest in
buy-to-let property, while claiming tax relief for their investment against
their income.

The Partnership is seeking to raise up to £5 million in cash. The anticipated
closing date for the fund is Friday 22 December 2006.

Chief Executive, Marc Duschenes comments: 'The launch of the fourth fund in this
series aims to further consolidate Braemar as a Residential Property Fund
Manager, building upon its previous fund successes.'

Marc continues: 'Future funds launched by Braemar will be structured to allow
investors to use the new A-Day legislation to hold residential property within
pensions.'


For further information please contact:

Marc Duschenes - Chief Executive
Mark Stubbs - Sales Director
Julie Serrage - Investor Relations

Tel: [phone]



Notes to Editors

Braemar Group plc creates and manages residential property investment funds, via
collective and tax efficient investment schemes, targeted at the high net worth
individual community.

Coronation Limited Partnerships, Braemar's unregulated collective investment
schemes, have been set up to invest in residential property, carrying capital
allowances, affording investors a blend of exposure to the residential sector
and tax relief.

Braemar Securities Limited is authorised and regulated by the Financial Services
Authority.


Braemar has four divisions:

Property Investment/Fund Management

Braemar currently has three funds under management with a fourth, Coronation IV
Limited Partnership, launched in October 2006. Braemar receives an annual
management fee plus a carried interest or performance fee, which may be linked
to an index.

Property Management

Once a fund is put in place, Braemar either manages it in-house or sources all
property management functions, including overseeing development and project
management, arranging finance and insurances, tenancy management and rent
collection. Whilst project driven fees typically generate a high margin up
front, the longer term management activity provides Braemar with a trail of
recurring fee income.

Property Trading and Development

Braemar also trades reversionary residential property, acting as agent or
principal and from time to time is involved in property development on its own
account. It has been appointed to manage a portfolio of reversionary properties
on behalf of the Taylor Richardson series of funds. These properties are grouped
together in a long-term investment fund managed by Braemar.

Corporate Finance

This division primarily acts as arranger and promoter to the various residential
property funds being launched by the Group, and offers specialist advisory and
fund raising services for both public and private companies, through a network
of high net worth individuals.

Following A-Day, Braemar is also preparing for the launch of a £25m residential
property fund that will be suitable for SIPP investment early in the new
financial year and is also monitoring the developments in the Real Estate
Investment Trust (REIT) legislation.


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