Acquisition

Rathbone Brothers PLC
9 July 2002





                             RATHBONE BROTHERS PLC

                          ('Rathbones' or the 'Group')

                      Acquisitions and Additional Listing

The Board of Rathbones today announces the acquisition of the following
companies, all of which have, over a period, introduced investment management
clients to the Group.

Company                                      Consideration               Cash       Unsecured Loan Notes No. of Ordinary
                                                                                    2005 (unlisted)      shares
Alphabay Limited                                       £750,668        -                     £300,267             64,114
Artcrown Limited                                     £1,353,080          £40,000             £654,214             93,788
Cedarpower Limited                                   £2,733,471        -                     £635,531            298,638
Meronbrook Limited                                   £1,551,352         £155,136             £760,162             90,540
Skychart Limited                                     £4,692,013          £80,435           £1,193,110            486,613
Total                                               £11,080,584         £275,571           £3,543,284          1,033,693


Application will be made to the London Stock Exchange and to the UK Listing
Authority for the admission of the 1,033,693 5p Ordinary Shares which have been
issued as part consideration in connection with the acquisitions noted above.

The shares will rank pari passu with the existing Ordinary Shares.

Richard Loader

Company Secretary

9 July 2002



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