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BWD Securities PLC (RBG)

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Wednesday 10 May, 2000

BWD Securities PLC

Directors' Notification of Dealing in Shares

BWD Securities PLC
10 May 2000


DIRECTORS TRANSACTION IN SHARES

M H Burns a Director of the Company has today increased his total beneficial
holding to 135,000 ordinary 10p shares following the exercise of options under
the Company's Executive Share Option Scheme:

10,000 Shares at 125p

25,000 Shares at 71p

                                                                                                                                                                                       

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