Completion of Demerger

RNS Number:8894Y
BB Holdings Ltd
24 February 2006



BB HOLDINGS LIMITED ANNOUNCES COMPLETION OF DEMERGER OF ONESOURCE SERVICES INC.



Belize City, Belize, February 24, 2006 - Further to the announcement by BB
Holdings Limited (NASDAQ: BBHL, London: BBHL) ("BB Holdings") on February 7,
2006 of the proposed demerger (the "Demerger") of facilities services businesses
operating in the United States (the "US Facilities Services Businesses") to
shareholders of BB Holdings, through a dividend distribution of shares in
OneSource Services Inc. (London: OSS) ("OneSource") (the "BB Holdings
Distribution"), the shares in OneSource were admitted to trading on AIM today.
The BB Holdings Distribution is therefore now unconditional.



Share certificates representing OneSource shares will be dispatched shortly to
qualifying BB Holdings shareholders. Qualifying BB Holdings shareholders will
receive one share in OneSource for each sixteen BB Holdings shares registered in
their name at 4:00 p.m. New York time on February 17, 2006.



For any qualifying BB Holdings shareholders whose holding of (or interest in) BB
Holdings shares is not exactly divisible by sixteen, a fractional remainder will
arise. All fractional remainders will be aggregated and sold in the market by BB
Holdings. The aggregate net cash proceeds of the sale of such fractional
remainders will be contributed by BB Holdings to OneSource except where a BB
Holdings shareholder holds less than sixteen BB Holdings shares. In this case,
the aggregate net cash proceeds of the sale of such fractional entitlements will
be remitted to the relevant BB Holdings shareholders save that such amounts of
less than US$5 will not be distributed to BB Holdings shareholders and will be
contributed by BB Holdings to OneSource.



From today the OneSource shares are tradeable and will be eligible for
electronic settlement through CREST in the United Kingdom in the form of
depository instruments.



Forward Looking Statements



Certain statements in this press release constitute 'forward looking statements'
within the meaning of the Private Securities Litigation Reform Act of 1995. In
particular, statements contained herein regarding the consummation and benefits
of future acquisitions, as well as expectations with respect to future revenues,
operating efficiencies, net income and business expansion, are subject to known
and unknown risks, uncertainties and contingencies, many of which are beyond the
control of BB Holdings, which may cause actual results, performance or
achievements to differ materially from anticipated results, performance or
achievements. Factors that might affect such forward looking statements include
among others, overall economic and business conditions, the demand for BB
Holdings' services, competitive factors, regulatory approvals and the
uncertainty of consummation of future acquisitions. Additional factors which may
affect BB Holdings' businesses and performance are set forth in submissions by
BB Holdings with the United States Securities and Exchange Commission (the SEC)
which are available without charge from the SEC at:



www.sec.gov.



For further information contact:


BB Holdings                                           Makinson Cowell
Belize: +501 227 7178                                 +1 (212) 994 9044
UK: +44 (0)20 7248 6700



Note: This and other press releases are available at the Company's web site:



http://www.bbholdingslimited.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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