Change of Adviser

Cater Barnard PLC
11 April 2003


FOR IMMEDIATE RELEASE                                              11 April 2003


              CATER BARNARD plc ('Cater Barnard' or the 'Company')

                             Appointment of Broker


Cater Barnard today announces the appointment of Seymour Pierce Ellis Limited as
broker to the Company with immediate effect.

Contact:          Roland Cornish, Beaumont Cornish Limited on: 020 7628 3396


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