BRL Blackthorn

RNS Number:8292B
Brierley Investments Limited
2 December 1999


         DETAILS OF ACQUISITION OF SHARES UNDER CASH BUYBACK

Brierley Investments Limited (BIL) gives notice that on 2 December 1999 it
acquired 140,000 (0.005%) 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 shares were acquired at $0.47 per share.

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 2,738,127,266.

The shares acquired are not being held as treasury stock.


M B Horton
Company Secretary

END
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