Statement re completion of acquisition

Rathbone Brothers Plc

Acquisition of Jupiter Asset Management Limited's private client and charity investment management business

Rathbone Brothers Plc ("Rathbones") announces that its wholly-owned principal subsidiary, Rathbone Investment Management Limited, has today completed the acquisition of Jupiter Asset Management Limited's private client and charity investment management business ("Jupiter Private Clients") which it announced on 1 April 2014. The consideration payable on completion was £40.0 million, paid in cash, based on completion funds under management of £1.9 billion, consisting of discretionary and advisory managed funds under management of £1.5 billion and execution only client assets of £0.4 billion. Completion funds under management have been calculated, for consideration purposes only, with reference to their value at 14 March 2014, taking into account any additions and withdrawals (but not market movements) to 22 September 2014.

Philip Howell, Chief Executive of Rathbone Brothers Plc, commented:

"I am delighted to welcome the clients and employees of Jupiter Private Clients to Rathbones. This transaction represents another landmark success for Rathbones and endorsement of our growth strategy."

For further information contact:

Rathbone Brothers Plc
Mark Nicholls, Chairman
Philip Howell, Chief Executive
Tel: [phone]
email: [e-mail]

Quill PR
Hugo Mortimer-Harvey
Tel: [phone]
email: [e-mail] 

Rathbone Brothers Plc is a leading provider of high-quality, personalised investment and wealth management services for private clients, charities and trustees. This includes discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services. Rathbones has over 870 staff in 13 UK locations and Jersey and has its head office at 1 Curzon Street, London.

www.rathbones.com

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Source: Rathbone Brothers PLC via Globenewswire

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