BBHL BB Hldgs

RNS Number:0586B
BB Holdings Ltd
05 April 2006

                               SEC DEREGISTRATION



Belize City, Belize, April 5, 2006 - On February 21, 2006, BB Holdings Limited
(NASDAQ: BBHL, AIM: BBHL) (the "Company") adopted an amendment to its Articles
of Association, the purpose of which was to limit the number of US residents
holding shares in the Company. Following recent corporate developments, the
Company has now decided to reduce the number of US resident holders (who hold
either directly or through nominees) to fewer than 300 and to then deregister
from the US Securities and Exchange Commission (the "SEC"). It is the Company's
view that registration under the US Securities Exchange Act of 1934 involves
considerable expense and commitment of management resources, which are
considered to be out of proportion with the benefits obtained from it by the
Company and its shareholders.

The Company is now invoking this provision of its Articles of Association and
accordingly, disposal notices, requiring US resident shareholders holding 4,000
shares or less to transfer or sell their holdings to non US holders, will be
despatched this week.  The Company believes that following the transfer or sale
by affected shareholders of their shares or the sale by the Company of their
shares on their behalf, it will be able to demonstrate to the SEC that the
number of US resident holders of its shares is less than 300. The Company
anticipates completing the sale of shares on behalf of affected shareholders who
do not dispose of their shares by June 30, 2006 and remitting the gross proceeds
of such sales to them shortly thereafter.

The Company announced on March 17, 2006, its intention to cancel its listing on
NASDAQ with effect from May 12, 2006.  Following cancellation of its listing on
NASDAQ and the Company's anticipated deregistration from the SEC, the Company's
shares will continue to be admitted to trading on AIM.


Forward Looking Statements

Certain statements in this press release constitute 'forward looking statements'
within the meaning of the United States 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:

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



Note: This and other press releases are available at the Company's web site:
http://www.bbholdingslimited.com.









                                    - Ends -




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