RNS Number:5909A
Brierley Investments Limited
10 November 1999


DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK

Brierley Investment Limited (BIL) gives notice that on 10 November 1999 it
acquired 151,110 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                     $

               96,451                      0.44
               54,659                      0.43

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 2,744,137,545.

The shares acquired are not being held as treasury stock.




END
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