Interim Results

TF & JH BRAIME (HOLDINGS) PLC
20 August 1999

We confirm that a meeting of the Directors was held today, and we give the 
unaudited figures for the six months ended 30th June 1999 together with the
1998 figures for comparison:-


                       Unaudited results for the          Year to
                         half year to 30th June        31st December
                                       
                           1999           1998              1998
                                                          
                             £              £                 £
                                                          
Group turnover          4,267,271      5,150,015         9,888,989
                                                        
                                                      
Trading profit             81,797        298,488           642,209

                                                         
Investment income          59,263         79,026           156,325

                                                        
Profit before interest    141,060        377,514           798,534

                                                        
Interest payable           24,203         27,686            60,837
                                                       
                                                          
Profit before taxation    116,857        349,828           737,697
                                                      
                                                          
Taxation at 30.25% for                                     
interim figures                                           
(1998 - 31.0%)             35,349        108,447           251,822

                                                     
Profit after taxation      81,508        241,381           485,875
                                                    
                                                          
Dividends                  47,700         53,460           176,040
                                                   
                                                          
Retained profit            33,808        187,921           309,835
                                                    
                                                          
Earnings per share          5.35p         16.45p            33.12p
                                                          
                                       
                                       
                                       
Following an excellent result in 1998, it is disappointing to report on a very
poor first half in 1999.

Group sales fell by 17% compared with the record level achieved for the first
six months of 1998.  Profit before tax fell from £350,000 to £117,000.

While operating costs have been restrained, Braime Pressings Limited has been
hit by a significant drop in sales owing to the loss of a major customer. 
This business has not yet been replaced.

Braime Elevator Components Limited and Sarl S.E.T.E.M. have both been effected
by depressed sales in the agro-industry, particularly severe in the UK, and by
the high historic level of the pound which has drastically reduced margins.

In contrast our USA subsidiary, 4B Elevator Components Limited, has again
enjoyed a successful six months, increasing both sales and operating profit.

Although action is being taken to reduce operating costs and secure additional
sales, the Directors do not anticipate any improvement before the end of 1999.

Accordingly the Directors have decided to reduce the interim dividend from
3.40p to 3.00p.  The dividend will be paid on 4th October 1999 to shareholders
on the register at the close of business on 6th September 1999.


D. H. Brown
Financial Director
T.F. & J.H. Braime (Holdings) P.L.C.