RNS Number:5283J
BWD Securities PLC
02 April 2003

BWD SECURITIES PLC



Company Announcement



BWD SECURITIES PLC - SAVINGS RELATED SHARE OPTION SCHEME



The following Options granted to directors on 13 August 1999 at an option price
of # 3.57 per Ordinary Share in the Company have today lapsed:


R.A. Allen                                   2,713

B.A. Anysz                                   2,713

M.H. Burns                                   2,713

G.C.N. Lane Fox                              2,713

N.C. Williams                                2,713

J.P. Wragg                                   2,713



END


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

RDSEANLAELADEEE