DISCLAIMER: all work carried out was done by an amateur. No responsibility is taken for any damage caused to your vehicle if you follow the instructions below. Nor will I accept responsibility for damage to fingers, knuckles, overall hand area, back, neck, or broken fingernails.
Any costs that have been incurred through overuse of the 'swear-box' will not be refunded and nor will liability be taken for unnecessary verbal abuse of the wife leading to fatal or near-fatal retaliatory injuries.
END OF DISCLAIMER.
STEP 1: Buy the stuff.
This conversion was carried out on a post-facelift 2001 model VR4 saloon and was for the front calipers only. The major parts required were the two BREMBO calipers, two 320mm brake disks and pads to fit. You will also need 4 x M12 bolts (by about 25mm long I think) as the thread on the BREMBO calipers that holds them to the hub carrier are different than the standard calipers.
If you don't already have some you will also need some copper slip, brake cleaner, brake fluid (to top up the reservoir after bleeding), a one-man bleeding kit and 2 x axle stands (not essential but very useful).