Acquisition

Rathbone Brothers PLC
10 November 2003




                             RATHBONE BROTHERS PLC

                          ('Rathbones' or 'the Group')

                      Acquisitions and Additional Listing

The Board of Rathbones is pleased to announce the acquisition of the following
companies on 10 November 2003, all of which have, over a period, introduced
investment management clients to the Group.;

Company                              Consideration     No. of Ordinary
                                                                shares

Broadgain Limited                       £1,178,817             155,311

Wishart Investments Limited               £773,416             101,899

Danemile Limited                          £294,704              38,827

Total                                   £2,246,937             296,037

Application will be made to the London Stock Exchange and to the UK Listing
Authority for the admission of the 296,037 5p Ordinary Shares which have been
issued at £7.59 as consideration in connection with the acquisitions noted
above.

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

Richard Loader

Company Secretary

Telephone no. 020 7399 0162

10 November 2003






                      This information is provided by RNS
            The company news service from the London Stock Exchange