RNS Number:6604B
Brierley Investments Limited
30 November 1999


          DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK
          ----------------------------------------------------

Brierley Investments Limited (BIL) gives notice that on 30 November 1999 it
acquired 912,058 (0.033%) 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 of Shares          Price Per Share $
          ----------------          -----------------
          545,029                       0.46
          367,029                       0.47

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 2,739,306,232.

The shares acquired are not being held as treasury stock.

END
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