Director Shareholding

Rathbone Brothers PLC
14 May 2004

Rathbone Brothers Plc
Directors' Shareholding

On 13 May 2004, ordinary shares of 5p were acquired at £6.95 by Hill Samuel ESOP
Trustees Limited who are the Trustees of The Rathbone Inland Revenue Approved
Employee Share Incentive Plan ('the Plan'). The purchase was in respect of the
reinvestment of dividends paid into the 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           Purchase       Total holding following        Total % holding following
                                        notification                    notification
                               Beneficial    Non beneficial     Beneficial    Non beneficial

R A Morris               35       294,936            14,250         0.724%            0.035%

G M Powell               35       299,678            10,000         0.736%            0.025%

A D Pomfret              37        19,966                 -         0.049%                -

R P Lanyon               35       218,833                 -         0.537%                -

The Viscount Lifford     35        89,326            20,000         0.219%            0.049%

A T Morris               35        13,842                 -         0.034%                -

R I Smeeton              35       133,899                 -         0.329%                -

J G S Coode-Adams        34         7,896                 -         0.019%                -

P D G Chavasse           28         5,932                 -         0.015%                -

I M Buckley               2        12,630                 -         0.031%                -


Richard Loader
Company Secretary
14 May 2004



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