Worldsec Limited - Further re Acquisition

RNS No 5471t
WORLDSEC LIMITED
28th September 1998


Further to announcements made on 24th December, 1997, 2nd March, 1998 and 27th
March, 1998, Worldsec Limited ("Worldsec") today announces that it has issued
467,290 ordinary shares in Worldsec with par value of US$1.00 each at US$2.90
per ordinary share (the "Consideration Shares") as part consideration for the
acquisition of the securities broking business of Jin Loong Securities Company
Limited ("JLS") and the futures broking business of Jin Loong Futures Limited
("JLF").  Application has been made to the London Stock Exchange for the
Consideration Shares to be admitted to the Official List.

The total consideration for the acquisition of the businesses of JLS and JLF was
approximately HK$23.75 million (equivalent to approximately US$3.07 million), of
which approximately HK$ 13.25 million (equivalent to approximately US$1.71
million) was satisfied by cash and approximately HK$10.5 million (equivalent to
approximately US$1.36 million) was satisfied by the Issue of the Consideration
Shares.

For further information, please contact the following persons at Worldsec:

Paul Cheng in Hong Kong                       Tel: (852) 2867 7288

Alastair Gunn-Forbes in the United Kingdom    Tel: (44 171) 972 0880

END

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