Issue of Equity

Braemar Group PLC
09 July 2007


Embargo for 7.00 am                                                  9 July 2007

                         Braemar Group plc ('the Company')

                           Placing to Raise £1,312,000

The Directors of Braemar Group plc are pleased to announce that the Company has
raised an additional £1,312,000 (before expenses) by way of a placing of
43,733,332 new ordinary shares of 1p each ('Ordinary Shares') at 3p per share
(the 'Placing'). Application has been made for the new Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on or around 13
July 2007. The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares in issue and bring the enlarged issued share capital following
the Placing to 163,786,903.

The funds raised will be used to provide additional working capital for the
Group and, in particular, provide additional resources to investigate potential
acquisition opportunities.

The Directors welcome two new shareholders, Stephen Hemsley and Nigel Wray, who
have each subscribed £250,000, for 8,333,333 shares, in the Placing, each
representing 5.09 per cent. of the enlarged issued share capital.

Wheddon Limited have subscribed £364,000, for 12,133,333 shares, in the Placing
taking their total holding following the placing to 46,133,332 shares
representing 28.17 per cent of the enlarged issued share capital. Wheddon
Limited is ultimately owned by Investec Trust (Guernsey) Limited as Trustees for
the Tchenguiz Family Trust.

For further information please contact:

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




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