Change of Name

BWD Securities PLC
28 May 2004



                                                                     28 May 2004



                BWD SECURITIES PLC -CHANGE OF NAME TO RENSBURG plc


Leading investment management group BWD Securities has changed its name to
Rensburg plc.


The company, which offers a fee based investment management service, currently
manages some £3.8 billion of funds for its 36,000 clients in 7 offices in the
UK.


'The change of name is for clarity and simplicity as we have a number of
specialist investment management arms,' said Chairman Christopher Clarke.


'The name Rensburg carries the pedigree of sound investment management on behalf
of our clients and demonstrates the continuity of our approach to fulfilling
their needs.'


The company has a strong presence and long history in the North of the country,
but has openly stated its ambitions to expand its operations in the South East.


Part of the group includes the highly successful Unit Trust business which won
two investment awards at the last Financial Advisor/LIA service award ceremony.


Chairman, Christopher Clarke, explained that the name change strengthens
Rensburg's brand as it draws the businesses in the group closer together under a
common theme.



The company recently announced a successful set of trading results and has
maintained a consistent performance in recent years despite difficult market
conditions during 2000 to 2002.'



Enquiries:


Michael Burns, Chief Executive                          Tel:  [phone]
Rensburg plc


Nick Lyon                                               Tel:  [phone]
Hudson Sandler





                      This information is provided by RNS
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