Appointment of New Director

Billam PLC
12 December 2000

                                  Billam Plc


                    Appointment of non-executive director


The company is pleased to announce the appointment of Mark Basil Andrew
Lorimer, aged 47, as a non-executive director of the Company. Mr Lorimer
graduated in law from Cambridge University in 1975. Since qualifying as a
lawyer, he has practised law and started and managed several other businesses.
Also, he has experience as a non-executive director of listed and unlisted
Companies.


Mr Lorimer is interested in 1,500,000 ordinary shares in Billam plc,
representing 0.18% of the Company's issued share capital.


Career summary
1976 - 81   Linklaters & Paines - banking and corporate law

1981 - 87   Sinclair Roche & Temporley - lawyers specialising in marine and     
            aviation industries. Became a partner in 1983.

            Whilst working as a lawyer began a property improvement and letting
            business. In 1987 he decided to leave Sinclair Roche & Temporley to
            concentrate on his other business interests full time.

1987 - date  Legal practice as well as Property renovation and letting of       
             residential, industrial and office properties

             Vehicle rental business - Aim Hire Limited a rapidly expanding van 
             and truck rental business based in East Anglia


Mr Lorimer is a director of Aim Hire Limited, Truckstop Inn Limited, Sharecase
Limited, Maxisudden Limited, City Ship Management Limited, Holly House
Limited, HollyHouse Investment Limited, Ebury Management Limited.


He was a non-executive director of Celestion Industries plc 1988 - 94. In the
last five years he has also been a director of:

British Credit Trust Holdings Ltd           British Credit Trust Collections
                                            Ltd

British Credit Trust Ltd                    British Credit Trust Finance Ltd

British Credit Trust Commercial Mortgages   British Credit Trust Management Ltd
Ltd

Cross Border Leasing Ltd                    Demelt Group Ltd


Mr Lorimer was a director of Cashcater Ltd which was put into liquidation in
September 1998. The liquidation has not yet been finalised.


Enquiries:

Peter Hoskins, Billam Plc - 020 7702 5544