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BWD Securities PLC (RBG)


Friday 20 June, 2003

BWD Securities PLC

Change of Adviser

BWD Securities PLC
20 June 2003


Company Announcement

Appointment of Corporate Broker

The board of BWD Securities PLC announce the appointment, with immediate effect
of Numis Securities Limited as sole corporate broker to the Company.

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

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