BTL Bristol&Ldn

RNS Number:2473C
Bristol & London PLC
02 May 2006

2 May 2006

Bristol & London PLC



Placing of Shares


Bristol & London PLC ("Bristol & London" or the "Company"), one of the UK's
leading specialist prestige motor credit hire companies is pleased to announce
that Mr Richard Abel, Chief Executive and Founder, has reduced his holding in
the Company to improve liquidity.


Mr Richard Abel has reduced his holding from 95.3 per cent. to 90.1 per cent. of
the issued share capital of the Company by selling a total of 1,268,665 ordinary
shares of 1 pence at 90 pence each to institutional investors and each of the
other directors of the Company through Westhouse Securities LLP.



The details of the changes in the director's holdings following the placing are
set out below:


Director                               No. of shares    No. of shares     Resultant       % of issued
                                        disposed of:        acquired:       holding       share capital



Richard Abel                               1,268,665                     21,798,560              90.1
Bob Woods                                                       1,000         8,527              0.04
Lewis Ross                                                      5,555         5,555              0.02
Sharon Hinallas                                                 1,000        43,222              0.17
David Billings*                                                11,111        18,803              0.07
Robert Bailey**                                                 5,555        10,401              0.04
David Hobdey                                                    5,555         5,555              0.02



* These shares are held within David Billings' self invested personal pension.

** Robert Bailey has acquired these shares via his self invested personal
pension.



Mr Richard Abel has indicated that he intends to reduce his holding again in an
orderly manner through the Company's broker in 2007 to increase the free float
further.


Commenting on this announcement, Robert Woods, Chairman of Bristol & London,
said: "This is a positive development for Bristol & London.  The placing will
broaden the Company's shareholder base and as a result we would anticipate that
liquidity in the Company's shares will improve."



For further information:

Bristol & London PLC
Robert Woods - 01275 841 111
Westhouse Securities LLP
Richard Morrison - 020 7601 6100
PGA Company Limited
Peter Gaze - 0777 589 2544 / 020 7808 7676


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

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