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BWD Securities PLC (RBG)

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Friday 01 September, 2000

BWD Securities PLC

Directors' Notification of Dealing in Shares

BWD Securities PLC
1 September 2000


DIRECTORS DEALING IN SHARES

N.C. Williams a director of the company has today sold 10,000 ordinary shares
at 692p per share.  His total beneficial holding following the sale is 432,500
ordinary shares.  His total non-beneficial holding remains at 6,606 ordinary
shares.



                                                                                
                                                                                
                     

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