Director Shareholding

Close Brothers Group PLC
18 October 2001


We have been notified today that on 10th October, 2001 the Close Brothers
Group Employee Share Trust ('the Trust'), a discretionary trust in which all
employees of the group (including executive directors) are potential
beneficiaries, granted an interest in 13,576 and 20,529 shares in Close
Brothers Group plc ('the company') to Messrs. S.R. Hodges and E.J.
Llewellyn-Lloyd respectively.



The award entitles each of them to call for these shares, at nil cost, between
1st August, 2003 and 1st August, 2008.  These entitlements will lapse if the
individual leaves employment in certain circumstances prior to 31st July,
2003.  Provision of £257,500 has been made in the 2001 accounts of the
company for these awards.



The beneficial interests in the ordinary share capital of the company of those
directors involved in the share dealings above are summarised as follows:



                          Shareholding     Optionholding    Deferred bonus
                              prior to          prior to    award prior to
                         share dealing     share dealing     share dealing


S.R. Hodges            373,546 (0.27%)          379,971            21,887

E.J. Llewellyn-Lloyd    52,675 (0.03%)          337,675            27,724



                          Shareholding      Optionholding    Deferred bonus
                                 after              after       award after
                         share dealing      share dealing     share dealing


S.R. Hodges            373,546 (0.27%)          379,971            35,463

E.J. Llewellyn-Lloyd    52,675 (0.03%)          337,675            48,253



The Trust now holds 1,245,797 shares (0.96%) which includes 171,926 shares
under which it has granted deferred bonus awards to executives of the group of
34,105 in 2001 and 137,821 shares in previous years.


The company's mid-market share price on the date of the above share dealings
was  727.5p.