BRL Blackthorn

RNS Number:8214A
Brierley Investments Limited
21 March 2001


Notice of Substantial Shareholding

Name of substantial shareholder:         Longleaf Partners International Fund

Date of notice to company:               19/03/2001

Date of change of interest:              15/03/2001

Name of registered holder:               Longleaf Partners International Fund

Circumstance giving rise to the change:  Open market purchase

Shares held in the name of registered holder

No. of shares of the change:             3,300,000
% of issued share capital:               0.24

Amount of consideration per share
excluding brokerage, GST, stamp duties,
clearing fee:                            0.5271

No. of shares held before change:        68,119,000
% of issued share capital:               4.98

No. of shares held after change:         71,419,000
% of issued share capital:               5.22

Holdings of Substantial Shareholder including direct and deemed interest

                                         Deemed                Direct

No. of shares held before change:                            68,119,000
% of issued share capital:                                         4.98

No. of shares held after change:                             71,419,000
% of issued share capital:                                         5.22

Total shares:                                                71,419,000

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