Despatch of Circular

Walker,Crips,Weddle,Beck PLC
15 October 2001


                       WALKER, CRIPS, WEDDLE, BECK PLC

         DESPATCH OF CIRCULAR RELATING TO THE PROPOSED ACQUISITION OF

                     KEITH, BAYLEY, ROGERS & CO. LIMITED


Further to the announcement dated 13 July 2001, Walker, Crips, Weddle, Beck
plc ('WCWB'), the fully listed stock and share broker, announces that it has
today posted to shareholders a circular, comprising listing particulars,
relating to the proposed acquisition of the entire issued share capital of
Keith, Bayley, Rogers & Co. Limited, a company into which the business and
certain assets of Keith, Bayley, Rogers & Co., a private client stockbroking
partnership based in London, is being transferred (the 'Acquisition').

The Acquisition is conditional upon, inter alia, the approval of WCWB's
shareholders in general meeting. Accordingly, the circular contains Notice of
an Extraordinary General Meeting to be held on Thursday 1 November 2001.
Completion of the Acquisition is expected to take place on Monday 5 November
2001.

Application has been made for the 1,000,000 new ordinary shares in WCWB to be
issued as part of the initial consideration to be admitted to the Official
List of the UK Listing Authority and admitted to trading on the London Stock
Exchange's market for listed securities.

Copies of the circular are available to the public, free of charge, from the
registered office of WCWB, Sophia House, 76/80 City Road, London EC1Y 2EQ and
from the offices of Keith, Bayley, Rogers & Co., Ebbark House, 93/95 Borough
High Street, London SE1 1NL, during normal business hours on any weekday
(Saturdays and public holidays excepted) from 15 October 2001 until the
conclusion of the Extraordinary General Meeting.


15 October 2001




For further information contact:


Walker, Crips, Weddle, Beck plc - Michael Sunderland (020 7253 7502)


Keith, Bayley, Rogers & Co - Howard Drummon (020 7827 9988)