[LOGO]                                               The Brink's Company
                                                     1801 Bayberry Court
                                                     P.O. Box 18100
                                                     Richmond, VA 23226-8100 USA
PRESS RELEASE                                        Tel. 804.289.9600
                                                     Fax 804.289.9760

Contact:                                             FOR IMMEDIATE RELEASE
Investor Relations
804.289.9709


                       The Brink's Company Closes Sale of
                                 Timber Business


RICHMOND,  Va.,  (December 31, 2003) - The Brink's Company (NYSE: BCO) announced
today that its subsidiaries  have closed on the sale of their timber business to
an  investment  fund  managed  by The  Forestland  Group for  approximately  $38
million.  A  substantial  portion of the purchase  price was placed in an escrow
fund that will be  released  to Brink's,  subject to the  completion  of certain
remaining  background  title work. Most of the escrowed funds are expected to be
released to Brink's during the first quarter of 2004.

     Rothschild  Inc.  acted as  financial  advisor  to The  Brink's  Company in
connection with this transaction.

This  release   contains  both  historical  and   forward-looking   information.
Statements  regarding the release of funds from escrow  involve  forward-looking
information,  which is subject to known and  unknown  risks,  uncertainties  and
contingencies  that could cause actual results to differ  materially  from those
that are anticipated. Such risks, uncertainties and contingencies, many of which
are beyond the control of The Brink's Company and its subsidiaries, include, but
are not  limited  to,  the  ability to obtain  necessary  title  insurance.  The
information  included in this release is  representative  only as of the date of
this release and The Brink's  Company  undertakes  no  obligation  to update any
information contained in this release.

About The Brink's Company
The Brink's  Company  (NYSE:  BCO) is a global  leader in business  and security
services.  The Company's  three main businesses are Brink's,  Incorporated,  the
world's premier provider of secure  transportation and cash management services;
Brink's Home Security,  one of the largest and most successful residential alarm
companies in North America;  and BAX Global, an industry leader in global supply
chain management. For more information, please visit The Brink's Company website
at www.brinkscompany.com, or call toll free 877-275-7488.

About The Forestland Group, LLC
The Forestland Group, LLC, based in Chapel Hill, North Carolina, is a timberland
investment   management   organization  that  provides   timberland   investment
opportunities for institutional and individual  investors.  The Forestland Group
currently  manages  approximately  1.2  million  acres of  timberland  in eleven
states.


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