<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<PAGE>

[LOGO]                                             The Brink's Company
                                                   1801 Bayberry Court
                                                   P.O. Box 18100
PRESS RELEASE                                      Richmond, VA 23226-8100 USA
                                                   Tel. 804.289.9600
                                                   Fax 804.289.9758

Contact:                                           FOR IMMEDIATE RELEASE
Investor Relations
804.289.9709




                               The Brink's Company
            Reports Strong Fourth Quarter and Full Year 2004 Results

         BAX Global Posts Solid Results as Growth in Volumes Continues;
                 Brink's, Incorporated Achieves Robust Margins;
          Brink's Home Security Maintains Strong Growth and Performance


     RICHMOND,  Va.,  (February 8, 2005) - The Brink's Company (NYSE: BCO) today
reported  after-tax income from continuing  operations for the fourth quarter of
2004 of $30.9  million or $0.55 per diluted  share  compared to $4.3  million or
$0.08 per diluted share in the  prior-year  period.  Fourth quarter 2003 results
included a deferred tax valuation  allowance of $22.0 million,  partially offset
by a $7.0 million  after-tax gain on the sale of the Company's former investment
in an Australian gold and nickel company.

     Revenue in the fourth  quarter of 2004 was up 17% over last  year's  fourth
quarter  to $1.3  billion,  reflecting  substantial  increases  from each of the
Company's business units. Revenues at Brink's,  Incorporated and BAX Global also
benefited from stronger  European  currencies  relative to the U.S. dollar.  The
effects of the weaker U.S. dollar  contributed  about three percentage points of
the increase in revenues.


                                    - more -                                  1

<PAGE>



     The  Company  reported  operating  profit of $59.7  million for the quarter
ended  December  31,  2004,  a decrease  from $64.2  million in the year earlier
period  which  benefited  from a $10.4  million  pre-tax gain on the sale of the
equity  interest in the  Australian  gold and nickel  company.  Results for 2004
included  higher  corporate  expenses in comparison to a year ago largely due to
continuing  efforts  related to  Sarbanes-Oxley  Section 404.  Operating  profit
performance improved at both Brink's Home Security and BAX Global in the current
quarter  versus a year  earlier.  Operating  profit for the recent  quarter also
benefited from a reduction in costs from former coal operations.

     Net income for the fourth quarter of 2004 was $32.1  million,  or $0.57 per
diluted share, as income from discontinued operations was $1.2 million, or $0.02
per  diluted  share;  a one-time  gain from a royalty  payment  more than offset
higher  costs from annual  revisions to retained  liabilities  related to former
coal  operations.  In the fourth quarter a year ago, the Company  reported a net
loss of $25.0  million,  or $0.47 per  diluted  share,  which  included  a $29.3
million, or $0.55 per diluted share, loss from discontinued operations primarily
associated with annual revisions to estimated  retained  liabilities  related to
former coal operations.

     Updated  information on the status of multi-employer  pension plans related
to former coal  operations is not yet  available.  As a result,  the Company has
been unable to determine if an adjustment to its estimated  withdrawal liability
should be recorded within discontinued  operations.  Although the preparation of
this information is not within the Company's control,  management  believes that
the  information  will be  released  in time to be  reflected  in the  financial
statements in the Form 10-K filing for 2004.  Any such  adjustment  could have a
material impact on the financial information contained in this release. However,
the  Company  believes  it is  unlikely  that any such  change will result in an
increase to the Company's estimate of the obligation.


                                                                              2

<PAGE>


                             Full-Year 2004 Results

     For the year  ended  December  31,  2004,  revenues  increased  18% to $4.7
billion  compared to the prior year,  and  operating  profit for 2004 was $189.9
million,  almost double the $99.8 million earned in 2003, reflecting substantial
improvement  in all three  business  units.  Income from  continuing  operations
improved to $98.4 million,  or $1.78 per diluted  share,  for 2004 compared with
$18.2  million,  or $0.34 per share, a year ago. Net income for the full year of
2004 was  $114.6  million,  or $2.07 per  diluted  share,  compared  with  $29.4
million, or $0.55 per diluted share, a year ago.


                    Fourth Quarter Business Unit Performance

Brink's, Incorporated ("Brink's")
---------------------------------
     Brink's  revenue  increased 12% to $515.9  million in the fourth quarter of
2004 from $459.7 million in the prior-year period.  International revenue in the
quarter  increased 19% over the year-ago quarter due to stronger  performance in
certain European  countries - most notably France and Greece - combined with the
net benefit of currency translation.  Revenues were also up in South America due
largely to business growth.  North American revenue increased 2% over the fourth
quarter of 2003,  mainly due to improved  Canadian  operations  and the positive
impact of foreign currency exchange rates on such operations.

     Brink's  operating  profit in the quarter ended  December 31, 2004 of $41.9
million was below the strong  $44.5  million  recorded in the fourth  quarter of
2003.  Increased  operating profit from  International  operations was more than
offset by softer performance in North America. Operating profit in North America
declined $2.6 million  year-over-year  due to higher costs in Brink's operations
in the United States.

                                                                              3

<PAGE>


Brink's Home Security
---------------------
     Revenue at Brink's  Home  Security  increased  11% to $90.1  million in the
fourth  quarter of 2004, as compared to the same period last year, due primarily
to growth in the subscriber  base.  Operating profit in the fourth quarter was a
record $21.4  million,  14% higher than in the prior year's fourth  quarter.  An
increase in operating profit from recurring services resulted primarily from the
growth of the subscriber base.

     The annualized  disconnect  rate for the fourth quarter of 2004 improved to
5.9%,  from 6.4% in the year-ago  quarter.  The full-year  disconnect  rate also
improved to 6.6% for 2004 from 6.9% in 2003.  Brink's  Home  Security  installed
38,200 new subscribers during the quarter, a 14% increase over the number of new
subscribers  added in the  fourth  quarter  of 2003,  and  ended  the year  with
approximately 921,000 subscribers  generating monthly recurring revenue of $26.1
million (see Non-GAAP  Reconciliations for a reconciliation of monthly recurring
revenue to reported revenue).

BAX Global
----------

     Revenue at BAX Global increased 21% to $691.1 million in the fourth quarter
of 2004  compared to the  prior-year  period.  In the Americas  region,  revenue
increased 20% in  comparison  to last year's  fourth  quarter due to a continued
improvement  in U.S.  shipping  volumes,  including an increase in higher priced
expedited  freight  as a result of  better  economic  conditions,  growth in BAX
Global's freight  forwarder  service and higher export  activity.  International
revenue increased 23% reflecting robust Asia-Pacific activity and the effects of
the weaker U.S. dollar relative to European and some Asia-Pacific currencies.

     Operating  profit at BAX Global  improved  to $26.1  million for the fourth
quarter of 2004  compared  to $16.3  million  for the same  period in 2003.  The
current  quarter's  performance  reflects  sound  improvement  in North American
operations,  continued solid results in Asia-Pacific  from logistics and freight
forwarding  activities  and  improvement  in  operating  profit in  Europe.  BAX
Global's  improved  operating  performance in its regions was offset slightly by
higher corporate and other costs.


                                                                              4

<PAGE>

                            Other Costs and Expenses

     The Company's costs of former coal operations,  which consist  primarily of
costs  for  Company-sponsored  medical  coverage  for  former  miners  and their
dependents,  declined to $12.4 million in the fourth  quarter of 2004 from $17.8
million in the  prior-year  period.  Lower expense for retiree  medical plans is
primarily due to the benefits of the Medicare  legislation  enacted late in 2003
and the  recording  of $2.3  million of expected  earnings on assets held in the
Company's  Voluntary  Employees'   Beneficiary   Association  (VEBA)  trust.  In
addition,  the decrease in costs of former coal  operations  reflects lower idle
and closed mine expense and lower Black Lung benefit costs.

     Corporate  expenses  increased in the quarter  ended  December 31, 2004, to
$17.3 million from $7.9 million in the  prior-year  period,  primarily due to an
increase in costs associated with the initial year's  documentation  and testing
of internal controls required by the Sarbanes-Oxley Act of 2002.

                                     Summary

     "Overall,  we posted  another  good  quarter as part of a year in which our
businesses  began to  demonstrate  what they are  capable  of  achieving,"  said
Michael T. Dan,  Chairman,  President and Chief Executive Officer of The Brink's
Company. "BAX Global had its best quarter in several years,  particularly in the
Americas where we experienced further  strengthening of shipping volumes related
to the improving U.S. economy and a strong holiday and year-end shipping season.
Brink's,  Incorporated  maintained  favorable  revenue  growth in  International
operations,  achieved  solid  operating  profit driven by strong  performance in
several international subsidiaries, and finished the year with a margin of 7.5%.
Brink's Home Security had another  record-setting  quarter," added Mr. Dan.


                                                                              5

<PAGE>


     "For 2005,  we are  focused on  sustained  growth  through  further  market
penetration,   including  expansion  of  our  leading  products,   services  and
value-added  solutions,"  he added.  "BAX Global should see further  improvement
from better market conditions in the U.S. and Europe as well as from winning new
logistics and heavy freight  business.  At Brink's,  Incorporated,  we expect to
grow our traditional business lines, especially internationally, while expanding
Cash Logistics and other value-added services around the world. However, Brink's
exceptional  growth in 2004 was assisted by both currency  exchange  rates and a
vigorous  international  rebound. We expect increased competition and less of an
effect from  exchange  rates to temper  growth in 2005,  but we are committed to
maintaining  solid  margins.  Brink's Home Security  should  continue to achieve
strong growth in its industry-leading  residential alarm business while building
its  capabilities  and presence on the commercial  side," said Mr. Dan. "We also
expect Sarbanes-Oxley related expenses to be substantially lower," he added.

          Update on Brink's, Incorporated Unpaid Foreign Duties and VAT

     As  previously  announced,  a non-U.S.  unit of Brink's,  Incorporated  was
determined to have not paid certain foreign duties and value-added  taxes (VAT).
During  2004, a $1.8  million  expense was  recorded  for the unpaid  duties and
penalties for unpaid VAT. The Brink's unit involved in the situation has brought
the  issue  to  the  attention  of  the  appropriate  governmental  authorities.
Discussions  are  being  held  in an  attempt  to  resolve  the  matter,  but no
conclusion has been reached to date.


                                                                              6

<PAGE>


This release  contains both historical and  forward-looking  information.  Words
such as "anticipates,"  "estimates,"  "expects," "projects," "intends," "plans,"
"believes," "may," "should" and similar expressions may identify forward-looking
information.  Forward-looking  information in this document includes, but is not
limited to, statements regarding the receipt of financial  information regarding
the  multi-employer  plans and the impact of the  information  on the  Company's
financials,  the  investigation  into the  non-payment  of  customs  duties  and
value-added  tax by a non-U.S.  subsidiary  of Brink's,  Incorporated,  expected
earnings on VEBA assets, improvement at BAX Global from U.S. and European market
conditions  and new  logistics  and heavy  freight  business,  the  expansion of
Brink's,  Incorporated's traditional business lines, especially internationally,
and  the  worldwide  expansion  of its  Cash  Logistics  and  other  value-added
services,  expectations  regarding  Brink's,  Incorporated's  growth  in 2005 as
compared to 2004,  changes in foreign exchange rates,  changes in costs relating
to Section 404 of the Sarbanes-Oxley  Act, and the growth of the residential and
commercial businesses at Brink's Home Security. The forward-looking  information
in this  document  is  subject to known and  unknown  risks,  uncertainties  and
contingencies  that could cause actual results to differ  materially  from those
that are anticipated.

These  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,  performance of the investments  made by the  multi-employer  plans,
estimates made by the  multi-employer  plans,  the number of participants in the
multi-employer plans and the cost to administer the plans,  comparisons of hours
worked by  covered  coal  employees  over the last five  years  versus  industry
averages, the evaluation of remedial alternatives,  guidance received from third
parties, the input of governmental authorities, capital markets and fund manager
performance  and the costs of  administering  the VEBA, the willingness of other
forwarders to move freight in the BAX Global  system,  the impact of operational
improvements in the security  operations and the timing of any such impact,  the
ability of the businesses to meet demand  appropriately,  the ability of Brink's
Home Security to continue to maintain its  subscriber  growth and low disconnect
rate, the return of customers to overnight shipping, the ability to identify and
execute cost and operational  improvements in the core businesses,  IT costs and
costs  associated  with  ongoing  contractual  obligations,  the  results of the
Company's and its independent  auditor's  evaluations pursuant to Section 404 of
the  Sarbanes-Oxley  Act,  pension plan and other  employee  obligations,  labor
relations,  safety and security performance,  overall domestic and international
economic,   political,   social  and  business   conditions,   capital   markets
performance,  the strength of the U.S.  dollar  relative to foreign  currencies,
interest   rates,   inflation,   new  government   regulations  and  legislative
initiatives (including local initiatives relating to police response to alarms),
domestic  and  international  demand for  services  of the  subsidiaries  of The
Brink's Company,  the financial  stability of companies with payment obligations
under the Health Benefit Act, pricing and other competitive factors,  variations
in costs or  expenses  and  performance  delays of any public or private  sector
supplier,  service provider or customer.  The Company's  results reported herein
are  subject  to  change  pending  the  completion  of the  annual  audit of the
Company's  financial  statements.  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 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 freight
transportation   and  global  supply  chain  management   solutions.   For  more
information,  please visit The Brink's Company website at www.brinkscompany.com,
or call toll free 877-275-7488.

Conference Call
The Company will host a conference call today, February 8, at 11:00 a.m. eastern
time to  discuss  this  press  release.  Interested  parties  can  listen to the
conference  call by dialing  800-392-9565  within North America or  706-634-5450
from outside North America, or via live webcast at www.brinkscompany.com. Please
dial in at least five  minutes  prior to the start of the call.  Dial-in  replay
will be available  through  February 25, 2005,  by calling  800-642-1687  within
North America or 706-645-9291  outside North America.  The conference ID for the
replay   is   3686029.   A   webcast   replay   will   also  be   available   at
www.brinkscompany.com.

                                                                              7

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                 Condensed Consolidated Statements of Operations
                     (In millions, except per share amounts)
                                   (Unaudited)


<TABLE>
<CAPTION>


                                                                      Three Months Ended                    Years Ended
                                                                         December 31,                      December 31,
                                                                    2004             2003              2004            2003
-----------------------------------------------------------------------------------------------------------------------------
<S> <C>
Revenues                                                      $  1,297.1           1,109.7          4,718.1          3,998.6

Expenses:
Operating expenses                                               1,080.4             916.7          3,964.2          3,404.2
Selling, general and administrative expenses                       159.7             139.9            573.1            520.6
-----------------------------------------------------------------------------------------------------------------------------
   Total expenses                                                1,240.1           1,056.6          4,537.3          3,924.8
Gain on sale of equity interest                                      -                10.4              -               10.4
Other operating income, net                                          2.7               0.7              9.1             15.6
-----------------------------------------------------------------------------------------------------------------------------
   Operating profit                                                 59.7              64.2            189.9             99.8

Interest expense                                                    (5.3)             (6.0)           (22.9)           (25.4)
Interest and other income, net                                       0.7               1.9              7.4              8.5
Minority interest                                                   (4.8)             (3.6)           (12.9)            (9.0)
-----------------------------------------------------------------------------------------------------------------------------
   Income from continuing operations before income taxes            50.3              56.5            161.5             73.9
Provision for income taxes                                          19.4              52.2             63.1             55.7
-----------------------------------------------------------------------------------------------------------------------------

   Income from continuing operations                                30.9               4.3             98.4             18.2

Income (loss) from discontinued operations, net of tax (a)           1.2             (29.3)            16.2             11.2
-----------------------------------------------------------------------------------------------------------------------------
Net income (loss)                                             $     32.1             (25.0)           114.6             29.4
=============================================================================================================================


Basic net income (loss) per common share:
   Continuing operations                                      $     0.56              0.08             1.80             0.34
   Discontinued operations (a)                                      0.02             (0.55)            0.30             0.21
-----------------------------------------------------------------------------------------------------------------------------
                                                              $     0.58             (0.47)            2.10             0.55
=============================================================================================================================
Diluted net income (loss) per common share:
   Continuing operations                                      $     0.55              0.08             1.78             0.34
   Discontinued operations (a)                                      0.02             (0.55)            0.29             0.21
-----------------------------------------------------------------------------------------------------------------------------
                                                              $     0.57             (0.47)            2.07             0.55
=============================================================================================================================
</TABLE>

(a)  The Company  expects  to  revise its  December 31, 2004  income (loss) from
     discontinued operations prior to filing its Annual Report on Form 10-K as a
     result of  additional  information  it expects  to  receive  related to its
     coal-related  multi-employer pension plan withdrawal  obligation.  Any such
     revision  could  have  a  material   impact  on  the  Company's   financial
     statements.  However,  the Company  believes  it is unlikely  that any such
     change  will  result  in an  increase  to  the  Company's  estimate  of the
     obligation.


                                                                              8

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                      Condensed Consolidated Balance Sheets
                                  (In millions)

<TABLE>
<CAPTION>


                                                                          December 31,     December 31,
                                                                            2004              2003
-------------------------------------------------------------------------------------------------------
<S> <C>
                                                                           (Unaudited)
                                            Assets
Cash                                                                  $       169.0             128.7
Other current assets                                                          926.1             731.8
Property and equipment, net                                                   914.0             873.2
Goodwill, net                                                                 259.6             244.1
Voluntary Employees' Beneficiary Association trust ("VEBA") (a)                 -               105.2
Other assets                                                                  408.7             465.6
-------------------------------------------------------------------------------------------------------
   Total assets                                                       $     2,677.4           2,548.6
=======================================================================================================

                               Liabilities and Shareholders' Equity
Current debt                                                          $        62.6              53.0
Other current liabilities (b)                                                 975.6             791.1
Long-term debt                                                                181.6             221.5
Accrued pension costs                                                         117.0              86.6
Other postretirement benefits (a)                                             331.2             504.2
Other liabilities                                                             342.3             396.6
-------------------------------------------------------------------------------------------------------
   Total liabilities                                                        2,010.3           2,053.0
Shareholders' equity (b)                                                      667.1             495.6
-------------------------------------------------------------------------------------------------------
   Total liabilities and shareholders' equity                         $     2,677.4           2,548.6
=======================================================================================================
</TABLE>

(a) The VEBA is  accounted  for as a plan  asset of the  Company's  coal-related
    retiree medical benefit plan beginning in 2004.
(b) The Company expects to revise its December 31, 2004 current  liabilities and
    shareholders'  equity  prior  to filing its Annual  Report on Form 10-K as a
    result of  additional  information  it  expects  to  receive  related to its
    coal-related  multi-employer pension  plan withdrawal  obligation.  Any such
    revision  could   have  a  material   impact  on  the  Company's   financial
    statements.  However,  the  Company  believes  it is unlikely  that any such
    change  will  result  in  an  increase  to  the  Company's  estimate  of the
    obligation.


                                                                              9



<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                               Segment Information
                                  (In millions)
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                    Three Months Ended                    Years Ended
                                                       December 31,                      December 31,
                                                  2004             2003              2004            2003
------------------------------------------------------------------------------------------------------------
<S> <C>
   Revenues:
     Brink's                                $    515.9             459.7          1,931.9          1,689.0
     Brink's Home Security                        90.1              81.1            345.6            310.4
     BAX Global                                  691.1             568.9          2,440.6          1,999.2
------------------------------------------------------------------------------------------------------------
       Revenues                             $  1,297.1           1,109.7          4,718.1          3,998.6
============================================================================================================

   Operating profit:
     Brink's                                $     41.9              44.5            144.7            112.5
     Brink's Home Security                        21.4              18.7             80.8             71.2
     BAX Global                                   26.1              16.3             56.2              3.0
------------------------------------------------------------------------------------------------------------
       Business Segments                          89.4              79.5            281.7            186.7
     Former coal operations                      (12.4)            (17.8)           (45.9)           (69.5)
     Gain on sale of equity interest               -                10.4              -               10.4
     Corporate                                   (17.3)             (7.9)           (45.9)           (27.8)
------------------------------------------------------------------------------------------------------------
       Operating profit                     $     59.7              64.2            189.9             99.8
============================================================================================================
</TABLE>


                                                                              10

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                       Supplemental Financial Information
                                  (In millions)
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                              Three Months Ended                    Years Ended
                                                                 December 31,                      December 31,
                                                            2004              2003             2004            2003
---------------------------------------------------------------------------------------------------------------------
<S> <C>
   Brink's:
     Revenues:
       North America                                  $    188.4             185.0            733.7            716.2
       International                                       327.5             274.7          1,198.2            972.8
---------------------------------------------------------------------------------------------------------------------
     Revenues                                         $    515.9             459.7          1,931.9          1,689.0
---------------------------------------------------------------------------------------------------------------------
     Operating profit:
       North America                                  $     15.2              17.8             55.2             53.4
       International                                        26.7              26.7             89.5             59.1
---------------------------------------------------------------------------------------------------------------------
     Operating profit                                 $     41.9              44.5            144.7            112.5
---------------------------------------------------------------------------------------------------------------------

   Brink's Home Security:
     Revenues                                         $     90.1              81.1            345.6            310.4
---------------------------------------------------------------------------------------------------------------------
     Operating profit:
       Recurring services                             $     39.8              32.5            147.8            125.9
       Investment in new subscribers                       (18.4)            (13.8)           (67.0)           (54.7)
---------------------------------------------------------------------------------------------------------------------
     Operating profit                                 $     21.4              18.7             80.8             71.2
---------------------------------------------------------------------------------------------------------------------

     Monthly recurring revenues (a)                                                        $   26.1             23.3
     Annualized disconnect rate                              5.9%              6.4%             6.6%             6.9%

     Number of subscribers (in thousands):
       Beginning of period                                 896.5             813.2            833.5            766.7
       Installations                                        38.2              33.6            146.0            121.9
       Disconnects                                         (13.3)            (13.3)           (58.1)           (55.1)
---------------------------------------------------------------------------------------------------------------------
       End of period                                       921.4             833.5            921.4            833.5
       Average number of subscribers                       908.7             823.5            875.5            797.5
---------------------------------------------------------------------------------------------------------------------
(a) See "Non-GAAP Reconciliations" below.

   BAX Global:
     Revenues:
       Americas                                       $    320.2             267.1          1,161.8            976.0
       International                                       397.1             322.4          1,366.6          1,098.3
       Eliminations                                        (26.2)            (20.6)           (87.8)           (75.1)
---------------------------------------------------------------------------------------------------------------------
     Revenues                                         $    691.1             568.9          2,440.6          1,999.2
---------------------------------------------------------------------------------------------------------------------
     Operating profit (loss):
       Americas                                       $     10.3               0.7             22.6            (30.9)
       International                                        18.9              16.9             49.5             41.2
       Corporate and other                                  (3.1)             (1.3)           (15.9)            (7.3)
---------------------------------------------------------------------------------------------------------------------
     Operating profit                                 $     26.1              16.3             56.2              3.0
---------------------------------------------------------------------------------------------------------------------

   Intra-America revenue                              $    149.9             128.5            554.5            464.6
   Worldwide expedited freight services:
     Revenues                                         $    527.3             423.0          1,847.4          1,501.0
     Weight in pounds                                      476.5             448.1          1,805.3          1,568.0
---------------------------------------------------------------------------------------------------------------------
</TABLE>


                                                                              11

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                 Supplemental Financial Information (continued)
                                  (In millions)
                                   (Unaudited)



        COSTS OF FORMER COAL OPERATIONS INCLUDED IN CONTINUING OPERATIONS


<TABLE>
<CAPTION>

                                                                         Three Months Ended                   Years Ended
                                                                            December 31,                     December 31,
                                                                      2004                2003           2004            2003
-------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Company-sponsored postretirement benefits other
   than pensions                                                  $    9.2                12.6           37.1            49.8
Black lung                                                             1.1                 1.7            4.8             6.0
Pension                                                                0.4                (0.1)           1.8            (0.8)
Administrative, legal and other expenses, net                          2.2                 2.3            8.3             8.7
Idle and closed mine expense                                           0.2                 1.8            0.9             8.7
Gains on sale of property and equipment and other income              (0.7)               (0.5)          (7.0)           (2.9)
-------------------------------------------------------------------------------------------------------------------------------
                                                                 $    12.4                17.8           45.9            69.5
-==============================================================================================================================
</TABLE>




                   INCOME (LOSS) FROM DISCONTINUED OPERATIONS


<TABLE>
<CAPTION>

                                                                        Three Months Ended                   Years Ended
                                                                           December 31,                     December 31,
                                                                     2004                2003           2004            2003
------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Gain (loss) on sales of:
   Natural Gas                                                   $     -                  (1.1)           -              56.2
   Timber                                                              -                   4.8           20.7             4.8
   Gold                                                                -                   -             (0.9)            -
   Coal                                                                5.0                 -              5.0             -

Results from operations:
   Natural Gas                                                         -                   -              -              11.2
   Timber                                                              -                  (0.5)          (0.5)           (0.2)
   Gold                                                                -                  (1.6)          (1.2)           (4.1)

Adjustments to contingent liabilities of former operations:
   Health Benefit Act liabilities                                      3.2               (31.3)           3.2           (31.3)
   Withdrawal liabilities (a)                                          -                 (14.0)           8.1           (17.0)
   Reclamation liabilities                                            (0.1)               (3.2)          (0.1)           (3.2)
   Workers' compensation liabilities                                  (4.9)                0.2           (4.9)            0.2
   Recovery of environmental costs                                     -                   5.3            -               5.3
   Other                                                              (0.3)               (2.1)          (3.2)           (2.7)
------------------------------------------------------------------------------------------------------------------------------
Income (loss) from discontinued operations before income taxes         2.9               (43.5)          26.2            19.2
Income tax (expense) benefit                                          (1.7)               14.2          (10.0)           (8.0)
------------------------------------------------------------------------------------------------------------------------------
Income (loss) from discontinued operations                       $     1.2               (29.3)          16.2            11.2
==============================================================================================================================
</TABLE>

(a)  The Company  expects to revise  prior to filing  its Annual  Report on Form
     10-K. Any  such  revision  could  be  material  to  the Company's financial
     statements.


                                                                              12


<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                 Supplemental Financial Information (continued)
                                  (In millions)
                                   (Unaudited)



                         SELECTED CASH FLOW INFORMATION



<TABLE>
<CAPTION>

                                                                   Three Months Ended                    Years Ended
                                                                      December 31,                      December 31,
                                                                 2004             2003              2004            2003
--------------------------------------------------------------------------------------------------------------------------
<S> <C>
   Depreciation and amortization:
     Brink's                                               $     23.1              20.1             81.0            70.6
     Brink's Home Security                                       13.5              12.4             51.5            47.9
     BAX Global                                                  10.1              11.0             41.8            47.0
     Corporate                                                    0.2               0.5              0.7             2.5
--------------------------------------------------------------------------------------------------------------------------
       Depreciation and amortization                       $     46.9              44.0            175.0           168.0
==========================================================================================================================

   Capital expenditures:
     Brink's                                               $     26.4              26.7             76.2            80.9
     Brink's Home Security                                       30.8              26.1            117.6            98.0
     BAX Global                                                   8.9               5.0             25.4            23.6
     Corporate                                                    0.3               0.1              1.1             0.2
--------------------------------------------------------------------------------------------------------------------------
       Capital expenditures                                $     66.4              57.9            220.3           202.7
==========================================================================================================================

   Other Brink's Home Security cash flow information:
     Impairment charges from subscriber disconnects        $      9.0               8.3             38.4            34.3
     Amortization of deferred revenue                            (6.6)             (6.1)           (26.1)          (25.0)
     Deferral of subscriber acquisition costs
       (current year payments)                                   (5.1)             (4.7)           (19.5)          (18.4)
     Deferral of revenue from new subscribers
       (current year receipts)                                    8.7               7.5             34.6            28.2
==========================================================================================================================
</TABLE>



                       WEIGHTED-AVERAGE SHARE INFORMATION


<TABLE>
<CAPTION>


                                                                   Three Months Ended                    Years Ended
                                                                      December 31,                      December 31,
                                                                 2004             2003              2004            2003
--------------------------------------------------------------------------------------------------------------------------
<S> <C>
Weighted-average common shares outstanding:
   Basic                                                         55.2              53.5             54.6            53.1
   Diluted                                                       56.0              53.8             55.3            53.2
--------------------------------------------------------------------------------------------------------------------------
</TABLE>


                                                                              13

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries

                 Supplemental Financial Information (continued)
                                  (In millions)
                                   (Unaudited)



                            NON-GAAP RECONCILIATIONS

Monthly Recurring Revenues

A reconciliation of monthly recurring revenues to reported Brink's Home Security
revenues follows:

                                                           Years Ended
                                                          December 31,
                                                   2004                  2003
------------------------------------------------------------------------------
December:
   Monthly recurring revenues ("MRR") (a)    $     26.1                  23.3
   Amounts excluded from MRR:
     Amortization of deferred revenue               2.1                   2.0
     Other revenues (b)                             1.8                   2.4
------------------------------------------------------------------------------
   Revenues on a GAAP basis                        30.0                  27.7
==============================================================================

Revenues (GAAP basis):
   December                                        30.0                  27.7
   January - November                             315.6                 282.7
------------------------------------------------------------------------------
   January - December                        $    345.6                 310.4
==============================================================================
(a)  MRR  is  calculated  based  on  the  number of  subscribers  at  period end
     multiplied by the average fee per subscriber received in the  last month of
     the   period  for   contracted   monitoring   and   maintenance   services.
(b)  Revenues that are not pursuant to monthly contractual billings.


The Company believes the presentation of MRR is useful to investors  because the
measure  is widely  used in the  industry  to  assess  the  amount of  recurring
revenues  from  subscriber  fees  that a  monitored  security  service  business
produces.

Net Debt and Net Financings
                                                           December 31,
                                                   2004                  2003
-------------------------------------------------------------------------------
Short-term debt and current maturities
  of long-term debt                          $     62.6                  53.0
Long-term debt                                    181.6                 221.5
-------------------------------------------------------------------------------
     Debt                                         244.2                 274.5
Less cash and cash equivalents                   (169.0)               (128.7)
-------------------------------------------------------------------------------
     Net Debt                                      75.2                 145.8
Securitization facility                            25.0                  77.0
-------------------------------------------------------------------------------
     Net Financings                          $    100.2                 222.8
===============================================================================


The Company believes that Net Debt and Net Financings are useful measures of the
Company's financial leverage.


                                                                              14

<PAGE>


                               THE BRINK'S COMPANY
                                and Subsidiaries


                                      OTHER


Value-added taxes and customs duties

One of the Company's non-U.S. Brink's,  Incorporated business units has not paid
foreign customs duties and value-added  taxes with respect to the importation of
certain goods and services. The Company has been advised that there may be civil
and criminal  penalties  asserted for the non-payment of these custom duties and
value-added  taxes.  The  business  unit  has  commenced  discussions  with  the
appropriate governmental authorities in the affected jurisdiction regarding this
matter. To date no penalties have been asserted.

As a result of its  investigation,  the Company recorded charges in 2004 of $1.1
million to operating profit and $0.7 million to interest  expense.  A summary of
the impact of this situation on earnings is provided below.


<TABLE>
<CAPTION>

                                               Three Months Ended              Year Ended
(In millions)                                   December 31, 2004           December 31, 2004
----------------------------------------------------------------------------------------------
<S> <C>
Penalties on unpaid value-added taxes         $        -                             0.4
Duties                                                 -                             0.7
----------------------------------------------------------------------------------------------
Amount charged to operating expenses                   -                             1.1
Interest expense on unpaid value-added taxes
     and customs duties                                -                             0.7
----------------------------------------------------------------------------------------------
                                              $        -                             1.8
==============================================================================================
</TABLE>


The Company  evaluates many factors to determine  whether it should recognize or
disclose a loss contingency, including the probability of an unfavorable outcome
and the ability to make a reasonable estimate of the amount of loss. The Company
believes  that the range of  probable  penalties  related to unpaid  value-added
taxes is between  $0.4  million  and $3 million  and that no amount  within that
range is a better estimate than any other amount within the range.  Accordingly,
the Company has accrued $0.4 million for these penalties.

The Company has  concluded  that a loss related to  penalties on unpaid  customs
duties is not  probable.  The  Company  believes  that the  range of  reasonably
possible  losses  related  to  customs  duties   penalties  is  between  $0  and
approximately  $35 million.  The Company  believes  that the  assertion of these
penalties  would be  excessive  and would  vigorously  defend  against  any such
assertion.

The Company  intends to diligently  pursue the timely  resolution of this matter
and,  accordingly,  the Company's  estimate of the potential losses could change
materially  in future  periods.  The  assertion  of potential  penalties  may be
material to the Company's  financial  position and results of operations.  These
penalties  could be asserted at any time.  Although the Company has accrued $0.7
million of interest on the unpaid  value-added  taxes and  customs  duties,  the
Company does not expect to be assessed  interest  charges in connection with any
penalties that may be asserted.

The Company has implemented  measures designed to prevent similar  situations in
the future.  The Company  believes  that the  circumstances  giving rise to this
matter are isolated to this particular business unit.


                                      # # #


                                                                              15



</TEXT>
</DOCUMENT>
