BRL Blackthorn

RNS Number:0384A
Brierley Investments Limited
1 November 1999

DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK

Brierley Investments Limited (BIL) gives notice that on 1 November 1999 it
acquired 1,639,111 (0.6%) 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             NZ$

                        500,000             0.45
                      1,139,111             0.44

The Board authorised the cash buyback on 6 September 1999.

The number of fully paid ordinary shares in BIL on issue after the acquisition
is 2,758,837,452.

The shares acquired are not being held as treasury stock.

M B Horton 
Company Secretary 


END


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