BRL Blackthorn

RNS Number:1188B
Brierley Investments Limited
19 November 1999



Brierley Investments Limited (BIL) gives notice that on 19 November 1999 it
acquired 271,623 (0.009%) 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 $
            120,000                         0.45
            151,623                         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 2,742,208,261.

The shares acquired are not being held as treasury stock.

END
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