Change to Board of Directors

Billam PLC
19 July 2000

                                       
            Appointment to the Board of Directors of Billam plc

Victor Beamish was today appointed to the Board of Directors of Billam plc.
Billam stated that it intended to build a strong Board of Directors with the
addition of individuals who have negotiated and invested on the highest
institutional platforms - this to complement its multidisciplinary Panel of
Advisors.

The company intends to announce further appointments shortly to both the
Advisory Panel and Board of Directors.


VICTOR NOEL BEAMISH

Victor  Beamish is currently a director of The Enterprise Library Limited
and TigerEx.Net Limited

CAREER HISTORY

1993-1999  ABN AMRO
1998-1999  Global Account Director
           Responsible   for  relationship  management  of   all   global
           institutional accounts with Far Eastern exposure.
1995-1998  Head of Region, ABN AMRO Asia Ltd.
           Responsible   for  the  Singapore  branch  and  for   regional
           stockbroking business across fourteen countries, employing 500
           staff. Major units in Hong Kong and Singapore. Personal  focus
           upon sales and sales trading, client relationships and liaison
           with the group's merchant bank.
           Key achievements:
           Voted Top Broker/Merchant Bank for Chinese issues 1997
           Voted top Broker for Taiwan 1996/7
           Negotiated  Stock Exchange membership in Korea 1996.  Now  in
           top three.
1993-1995  Managing Director, HG Asia Ltd.
           Managed this autonomous stockbroking business, handling  Asian
           equity  sales  to  UK, European and US institutional  clients.
           Personally  based  in London. Managed sixty staff  in  London,
           ten  staff in New York. This company was purchased by ABN Amro
           in April 1995.
           
1987-1993  W. I. CARR
1990-1993  Chief Executive, W. I. Carr (FE) Ltd
           Based  in London ran this Far East broking business with local
           directors based in Hong Kong and New York.
           W.   I.   Carr  regained  top  three  status  in   Far   East
           stockbroking
           On  sales  and sales trading rated number two in UK  and  Far
           East by Greenwich.
1987-1990  Managing Director, W. I. Carr (Far East) Ltd.
           Responsible  for entire Far East region. Based in  Hong  Kong.
           Total  staff  300.  Clients included a wide  spread  of  major
           financial institutions.
           Effected  major  recovery  of the business,  taking  it  into
           acknowledged  top  three  position  among  Far  East  broking
           companies.
           
1997-1987  HOARE GOVETT
1986-1987  Head Far East Sales, London
           Managed  sales  team  of ten dealing with major  institutional
           clients.
1981-1986  Head of Singapore office
           Set   up  Singapore  office  in  1981  covering  Malaysia  and
           Singapore. Office focused on research and sales. Clients  were
           major  financial institutions. Ten staff. Reported to Head  of
           Hoare Govett International.
           Hoare   Govett  rated  top  sales  and  research  broker   in
           Singapore and Malaysia.
1977-1981  Executive Far East Sales
           Joined  as  Trainee. Moved rapidly to sales  desk  selling  to
           major UK institutional clients.