56IF Lloyds Bk. 43

RNS No 7434f
BROADSTONER HOLDINGS PLC
6 May 1999


BROADSTONER HOLDINGS PLC

(The entire Ordinary share capital of the Company is held by Sears Limited,
formerly Sears plc)


PRELIMINARY RESULTS
FOR THE YEAR ENDED 31ST JANUARY 1999
                                                         1998/99     1997/98
                                                            #m          #m
CONTINUING ACTIVITIES                     
                     
       Operating Income                                     0.4           -
                     
       Interest receivable from the parent undertaking      0.3          4.4
                                                         ------       ------
                     
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION               0.7          4.4
                     
TAX ON PROFIT ON ORDINARY ACTIVITIES                       (0.1)        (1.4)
                                                         ------       ------
                     
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION                0.6          3.0
                     
       Dividends on Preference Shares                      (0.1)        (0.1)
                     
       Dividends on Ordinary Shares                       (30.0)          -
                                                         ------        ------
TRANSFERRED (FROM)/TO RESERVES                            (29.5)         2.9
                                                         ======        ======

The preliminary statement of results for 1998/99 is an abridged version of the
Company's audited full accounts and has been agreed with the Company's
auditors.  The statutory accounts will be filed with the Registrar of
Companies in due course.
 

END

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