Purchase of Own Securities

Headlam Group PLC
15 November 2001

15 November 2001

Headlam Group plc - Purchase of own securities

At the Annual General Meeting of the Company held on 23 May 2001 shareholders
granted the company authority to purchase up to 50,000 5.6% cumulative
preference shares ('preference shares'). The Company announces that on 14
November 2001 it repurchased 25,456 preference shares at a price of 107.5p per
share.

45,247 preference shares have therefore been purchased to date under the above
authority representing 90.5 per cent of the issued preference share capital.
The issued preference share capital following cancellation of the shares
repurchased will be 4,753 shares.

End