Change to Board of Directors

Reece PLC 26 June 2000 Subsequent to the successful offer by YJL plc for Britannia Group plc in April 2000, YJL plc has become the beneficial owner of 29.9% of the issued share capital of Reece. Peter Gyllenhammar, the deputy chairman of YJL, accepted an invitation to join the Board of Reece as a non-executive director with effect from 23 June 2000. On the same date Steve Smith decided to resign from the Board of Reece as he will be leaving YJL at the end of August.