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BWD Securities PLC (RBG)

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Thursday 23 March, 2000

BWD Securities PLC

P Stanley Retires as Non-executive Chairman

BWD Securities PLC
23 March 2000


As previously announced on 8 February 2000, at the Company's Annual General
Meeting held earlier today P.H.A.Stanley retired as non-executive Chairman and
Director of the Company and was succeeded as Chairman by A.I.Bottomley, a
non-executive Director of the Company since June 1997.

                                                                                                                                                                                     

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