BRL Blackthorn

RNS No 3053n
BRIERLEY INVESTMENTS LIMITED
30 September 1999


DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK

Brierley Investments Limited (BIL) gives notice that on 30 September 1999 it
acquired 2,129,891 (0.07%) of its ordinary shares under its cash buyback offer
(announced on 7 September 1999) through the order matching market of the New
Zealand Stock Exchange.

The prices at which the shares were acquired are as follows:

  Number            Price per Share
of Shares                  $

1,790,010                 45
  339,881                 44

The Board authorised the cash buyback on 6 September 1999.

The number of fully paid ordinary shares of BIL on issue after the acquisition
is 2,948,370,073.

The shares acquired are not being held as treasury stock.

M B Horton
Company Secretary


END

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