BMS Braemar Plc

RNS Number:0244I
Braemar Seascope Group PLC
23 August 2006


         BRAEMAR SEASCOPE GROUP plc

         ____________________________________________________________________

                                                     PRESS RELEASE









For immediate release                               23 August 2006



                           Braemar Seascope Group plc



Buy out of 50% interest in Braemar Container Shipping and Chartering Limited 
                                  ("BCSCL")



Braemar Seascope has purchased the 50% interest in BCSCL that it did not
previously own from its joint venture partners, Shipping and Chartering GMBH.
The consideration for the purchase of the 50% interest was #1.225 million
satisfied in cash from existing resources.



The business comprises 10 container brokers covering both the sale and purchase
and the chartering markets, based in Braemar Seascope's London office. In the
year to 28 February 2006, BCSCL earned revenues of #1.8m and pre-tax profits of
#0.3m.



Commenting on the deal, Braemar Seascope's Chief Executive, Alan Marsh, said,



"It is logical that our successful container desk is wholly-owned within Braemar
Seascope's broking operation and we are pleased to expand our interest in this
important market."



Ends

For further information, contact:


Braemar Seascope Group plc
     Alan Marsh                                          Tel 020 7535 2650
     James Kidwell                                       Tel 020 7535 2881
Aquila Financial
     Vivienne Macey                                      Tel 020 7202 2602
Charles Stanley Securities
     Philip Davies                                       Tel 020 7953 2000




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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