Director Shareholding

Rathbone Brothers PLC
14 November 2003


Rathbone Brothers Plc
Directors' Shareholdings - Share Incentive Plan (SIP)

On 13 November 2003, ordinary shares of 5p were allotted at £4.835, being the
closing mid-market price on 30 April 2003 (the start of the Accumulation
Period), to Hill Samuel ESOP Trustees Limited who are the Trustees of The
Rathbone Inland Revenue Approved Share Incentive Plan. The registered holder is
Lloyds TSB Registrars Corporate Nominee Limited. A/c AESOP1.

The following directors are beneficial owners of the following shares (subject
to the terms and conditions of the Plan Trust Deed and Rules).

Director     Allotted       Total holding following       Total % holding following
                                notification                   notification
                         Beneficial    Non beneficial   Beneficial    Non beneficial

R A               310       298,379           14,250         0.736%           0.035%
Morris

G M               310       299,301           10,000         0.738%           0.025%
Powell

A D               310        14,379                0         0.035%               -
Pomfret

R P               310       226,456                0         0.558%               -
Lanyon

M W F             310       145,472                0         0.359%               -
Leather

The               310        88,949           20,884         0.219%           0.051%
Viscount          
Lifford

A T               310        13,465                0         0.033%               -
Morris

R I               310       125,597            7,925         0.310%           0.020%
Smeeton

W                 310        12,379            1,650         0.031%           0.004%
Rathbone

J G S             310         7,520                0         0.019%               -
Coode-Adams       

P D G             310         3,612                0         0.009%               -
Chavasse

Shares were also allotted to Hill Samuel Offshore Trust Company Limited who are
the Trustees of The Rathbone International Share Incentive Plan. The registered
holder is Bank of New York (Nominees) Limited.

The following director is the beneficial owner of the following shares (subject
to the terms and conditions of the Plan Trust Deed and Rules).

Director        Allotted       Total holding following       Total % holding following
                                   notification                   notification
                            Beneficial    Non beneficial   Beneficial    Non beneficial

M P                  310        90,876                0         0.224%               -
Egerton-Vernon       


Richard Loader
Company Secretary
14 November 2003
Telephone no. 020 7399 0162



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