Enfranchisement of Shares

Bulgin PLC
15 February 2000



                    Bulgin PLC ('the Company')
                                 
        Publication of proposals for the enfranchisement of
           The 'A' Non-Voting Ordinary Shares of 5p each


Further to the announcement on 27 January 2000, Bulgin PLC has
published a circular, which is being sent to shareholders,
containing proposals for the enfranchisement of its 'A' Non-Voting
Ordinary Shares of 5p each ('A' Ordinary Shares). The proposals are
for the 'A' Ordinary Shares to be converted into voting Ordinary
Shares of 5p each ('Ordinary Shares') ranking pari passu with the
existing Ordinary Shares and for a scrip issue to be made to the
existing Ordinary Shareholders on the register as at Thursday 6
April 2000 on the basis of 8 new Ordinary Shares for each Ordinary
Share then held.

The proposals are in accordance with advice received from Beaumont
Cornish Limited.

Mr J A D Skailes, a Non-Executive Director of Bulgin PLC, as a
consequence of being a trustee of the A F Bulgin Settlements which
hold more than 10% of the Ordinary Shares, is deemed to be a
substantial shareholder for the purposes of these enfranchisement
proposals and consequently interested in them.  He is therefore
abstaining from the recommendation.

The Directors of the Company (excluding Mr J A D Skailes for the
reason set out above), having consulted the Company's Nominated
Adviser, Teather and Greenwood Limited and who have been advised by
Beaumont Cornish Limited, consider that the terms of the
enfranchisement proposals are fair and reasonable so far as the
shareholders of the Company are concerned.

An Extraordinary General Meeting of the Company and Separate Class
Meetings of the holders of the 'A' Ordinary Shares and the Ordinary
Shares will be held on Thursday 16 March 2000 to consider the
Resolutions necessary to effect the enfranchisement proposals.


For further information please contact:

Brian Emerson
Bulgin PLC, Chief Executive                 0181 594 5588

Roland Cornish
Beaumont Cornish Limited                    0171 628 3396

Richard Thompson
Teather and Greenwood Limited               0171 426 9073

Hamish McFall / Ana Nogales
Tavistock Communications Limited            0171 600 2288

Further copies of the circular are available from the Company's
registered office at Bypass Road, Barking, Essex, IC11 0AZ for the
period of 14 days from the date hereof.