RNS Number:0907I
BFS Managed Properties Ltd
27 February 2003


BFS MANAGED PROPERTIES LIMITED ("the Company")

APPOINTMENT OF DIRECTOR


The Board of BFS Managed Properties Limited is pleased to announce that Tim
Henderson has been appointed as a non-executive director of the Company and its
two subsidiaries, BFS Managed Properties Holdings Limited and BFS Managed
Properties Securities Limited, with effect from 26 February 2003.

Mr Henderson spent 30 years with the Hongkong and Shanghai Banking Corporation
Ltd in the Far East before returning to Guernsey to become Chief Executive of
Leopold Joseph for three years. Following that he reopened and managed a James
Capel operation (subsequently HSBC Investment Management (International) Ltd) in
Guernsey for two years before retiring. He is currently a director of Morley
Absolute Growth Investment Company Limited (which owns Ordinary shares in the
Company) and is licensed as a personal fiduciary by the Guernsey Financial
Services Commission.

During the last five years Mr Henderson has also been a director of the
following companies:

Corvus Capital Inc

Global Opportunities Trust Ltd

GOT Zeros 2007 Ltd


There are no further details required to be disclosed by paragraphs 16.4 or
6.F.2(b) to (g) of the Listing Rules.


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            The company news service from the London Stock Exchange
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