Capital Investment

Cohen(A.) & Co PLC
07 August 2002


FOR IMMEDIATE RELEASE                                    7 August 2002

                              A. Cohen & Co. plc

                              Capital Investment


A. Cohen & Co. plc (the 'Company') announces that it has acquired 38 Automatic
Teller Machines ('ATMs') from Scott Tod Developments Limited ('Scott Tod') for a
consideration of £152,000 in cash.  The Company owns 20 per cent. of Scott Tod's
issued share capital and has a call option over the balance of its issued share
capital which is exercisable by 30 September 2002.



The Company has also entered into a rental agreement with Scott Tod whereby the
Company has agreed to let on hire the 38 ATMs for a period of 12 months at a
cost of £3,800 per month.  The Company has a put option and Scott Tod a call
option whereby either party can sell or buy, as the case may be, any, or all, of
the 38 ATMs covered by the rental agreement for £4,000 each or £152,000 in total
subject to 7 days' notice in writing to the other party.



The ATMs are all currently in operation in the John Barras & Co. chain of
community pubs owned by Scottish & Newcastle plc. Scott Tod has recently been
appointed preferred ATM supplier to Enterprise Inns plc and both companies are
currently reviewing up to 1000 sites for suitability for installation of ATMs.
Scott Tod has also been successful in securing a contract for the supply of 161
card vending machines for 11 hospitals to Patientline plc.



A further announcement in relation to the Company's exercise of its call option
to acquire the 80 per cent. of Scott Tod that it does not already own will be
made once it has concluded its due diligence.



Enquiries:

A. Cohen & Co. PLC
Royce Ritchie
Executive Chairman                                     00 61 417 500 979



END




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