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BTC Stock Repurchase

07 July 1997

BTC announced today that in accordance with Section 6.14 of the BSX Listing Regulations, it is the intention of the Company to commence a programme to repurchase some of its stock. The quantity of stock to be purchased will depend on the prevailing economic climate and alternative investment opportunities.

In making the announcement, the Board of Directors express confidence in the future direction of BTC and, with the Company's strong balance sheet, see the repurchase programme as an ideal opportunity to improve returns to shareholders.