SAR - BPP Hldgs plc - Rplcmt

Schroders PLC
25 September 2001


Replacement Announcement - BPP Holdings plc

The issuer advises that the 'SAR - BPP Holdings plc' announcement released on
24 September 2001 at 11.57 under RNS Number 4940K was disclosed in error as
the trade has subsequently been cancelled and should be disregarded.