BWD Securities PLC
7 February 2002
BWD SECURITIES PLC - SHARE OPTIONS HELD BY DIRECTORS
Under the Group's Employee Share Ownership Plan (ESOP), the following awards
were allocated on 6 February 2002 to the directors detailed below:
M.H,Burns - An option over 12,500 ordinary shares of 10p in the Company at an
option price of £nil per share, exerciseable between 8 April 2005 and 8 April
2012;
J.P.Wragg - An option over 7,500 ordinary shares of 10p in the Company at an
option price of £nil per share, exerciseable between 8 April 2005 and 8 April
2012;
Under the Rules of the ESOP, exercise of the above options is normally subject
to the individual receiving the award remaining in the employment of the Group
until 8 April 2005.
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