Interim Management Statement

Rathbone Brothers PLC
07 May 2008


RATHBONE BROTHERS PLC


7 May 2008


          INTERIM MANAGEMENT STATEMENT - THREE MONTHS ENDED 31 MARCH 2008


                          Operating income up by 4.0%
                            New office in Birmingham



Interim Management Statement

This statement is the first Interim Management Statement in accordance with the
UK Listing Authority's Disclosure and Transparency Rules. It covers the period
from 1 January 2008.


Rathbone Brothers Plc, a leading provider of discretionary fund management and
wealth management services for private investors and trustees, announces an
increase in operating income over the first quarter of 2008 of 4.0% to £38.7
million compared to £37.2 million in the first three months of 2007.


Total revenues and operating income

                                 1st quarter to    1st quarter to           Change

                                  31 March 2008     31 March 2007
                                             £m                £m                %
Investment management                     38.2              32.8              16.5
Unit trusts                                5.9               7.1             -16.9
Tax and trust                              7.0               6.2              12.9
Total revenues                            51.1              46.1              10.8
Interest payable and similar              (9.9)             (6.2)             59.7
charges
Fees and commissions payable              (2.5)             (2.7)             -7.4
Operating income                          38.7              37.2               4.0


Funds under management
                                     5 April    31 December 2007      Change since

                                         2008*                    31 December 2007
                                         £bn                 £bn                 %

Investment management                  10.74               11.23              -4.4
(segregated funds)
Unit trusts                             1.68                1.89             -11.1
Total Funds Under Management           12.42               13.12              -5.3


FTSE APCIMS Balanced                    2869                3024              -5.1
FTSE 100                                5947                6457              -7.9



*5 April is the first quarterly date at which client account fees for Rathbone
Investment Management are charged during the calendar year. Rathbones' other
charging dates are: 30 June, 30 September and 31 December.





New office in Birmingham

Rathbone Investment Management is opening its first office in Birmingham in the
summer of this year. It has recruited three investment managers and will look
for other experienced individuals to help grow its investment management
presence in this important centre.


Annual General Meeting

Rathbone Brothers Plc is holding its annual general meeting at 12 noon today
where the following comments will be made regarding current trading and the
outlook for the remainder of 2008.


Mark Powell, chairman of Rathbone Brothers Plc, commented:


'Despite the challenging conditions in world stockmarkets, Rathbones has
achieved a 4% growth in total operating income in the quarter to 31 March 2008.
Total funds under management have fallen by 5.3% as at 5 April 2008, compared
with a fall of 5.1% in the FTSE APCIMS Balanced Index and 7.9% in the FTSE 100
Index in the period since 31 December 2007. Rathbones remains in a strong
financial position.'



For further information contact:


Rathbone Brothers Plc                  020 7399 0000 (Switchboard)
Mark Powell, Chairman
Andy Pomfret, Chief Executive
Emily Morris, Marketing Director

Smithfield
Reg Hoare/Miranda Good                 020 7360 4900


Rathbone Brothers Plc

Rathbone Brothers Plc specialises in providing, through its subsidiaries, high
quality, personalised investment management and wealth management services for
private investors and trustees, including discretionary fund management, unit
trusts, tax planning, trust and company management, pension and banking
services. It manages £12.4 billion of funds, including £1.7 billion managed by
Rathbone Unit Trust Management Limited (as at 5 April 2008).


Headquartered in London, Rathbones has UK offices in Bristol, Cambridge,
Chichester, Edinburgh, Exeter, Liverpool, London and Winchester. It has overseas
offices in Jersey, Geneva, Singapore and the BVI and will open in Aberdeen and
Birmingham in summer 2008.




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