FSA Authorisation Application

Braemar Group PLC
19 September 2006



PRESS RELEASE
BG/19/09/06



APPLICATION FOR FSA AUTHORISATION



Braemar Group plc has been successful in its application to the Financial
Services Authority for the authorisation of its wholly owned subsidiary, Braemar
Securities Limited, to carry out corporate finance business.  The authorisation
will become effective on 2 October 2006, and will initially be used to provide
corporate finance services to the new product Coronation IV, which will be
formally launched under the Braemar Securities umbrella on the 2 October 2006.



Braemar Securities will initially act as arranger and promoter to the various
residential property funds being launched by the Group, thereby retaining the
fees for these activities in the Group, eliminating the need to engage with
third parties. Braemar Securities will also seek opportunities to assist growing
companies to raise finance and is already in early stage discussions with a
number of companies for such potential mandates.



Previously, Braemar Group had stated its intention to develop or acquire a
corporate finance business for these reasons, and having struggled to find such
an acquisition that represented shareholder value, Braemar lodged an application
with the FSA.  The authorisation of Braemar Securities by the FSA completely
removes the need for such an acquisition.



Braemar Securities will be led by Martin Robinson, the Chairman of Braemar and
formerly Chief Executive of Henry Cooke Group plc and Lloyd Street Private
Equity Ltd. Martin has many years of experience in corporate finance, raising
money for companies from private individuals and venture capitalists, and on
flotation.


For further information please contact:


Martin Robinson - Chairman                         Tel: [phone]
Marc Duschenes - Chief Executive                   Tel: [phone]
Julie Serrage - Investor Relations                 Tel: [phone]
Alex Clarkson - Zeus Capital Limited               Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange