Acquisition

Cohen(A.) & Co PLC
12 December 2002

FOR IMMEDIATE RELEASE                                           12 DECEMBER 2002

                              A. COHEN & CO. PLC

                         ('A. Cohen' or the 'Company')


                   A. COHEN ACQUIRES 30% OF ROO MEDIA EUROPE



A. Cohen has today issued 900,000 fully paid ordinary shares of 20 pence each in
the capital of the Company at 20 pence per share to ROO Media Corporation ('ROO
Media'), a media syndication company incorporated in Delaware in the USA,
representing a total consideration of £180,000.



The issue of these shares in A. Cohen is consideration to ROO Media for the
transfer of 30 per cent. of the capital of Plantgate Limited, a newly
incorporated shell to be renamed ROO Media Europe Limited ('ROO Media Europe').
The balance of the capital of ROO Media Europe is held by ROO Media.



ROO Media has granted ROO Media Europe an exclusive 5 year licence to operate
the business of ROO Media in Europe including the right to sell, syndicate and
operate the full range of ROO Media products and services of content syndication
and supply of streaming video, services for the reproduction of video content on
the internet and advertising services on the ROOtv internet video portal as well
as future content developments of ROO Media on portals in the UK and Europe, as
appropriate. The terms of the licence provide ROO Media Europe with a revenue
percentage of all ROO Media revenues from the UK and Europe.



As a result of negotiations, the Company has a call option to acquire the 75 per
cent. of the capital of ROO Media which is currently held by Mr Robert Petty,
CEO of both ROO Media and ROO Media Europe.  The Company may exercise this
option at any time up to 30 June 2003, with settlement within 60 days
thereafter, by the issue of 45 million fully paid ordinary shares of 20p each in
the capital of the Company.



As part of this major diversification into media Robert Petty and Michael
Neistat have been appointed as non-executive directors to the Board of A. Cohen
today. Neither Robert Petty nor Michael Neistat have entered into service
agreements with either the Company or ROO Media Europe, but both parties will
maintain their existing consultancy arrangements with ROO Media.



The directors expect to convene an extraordinary general meeting by early
February to approve the terms and implementation of the equity line arrangements
announced on 1 November 2002. They will also report further on the ROO Media
operations and other businesses of the company including the investments in
ATMs, Scott Tod Developments Limited, Money Products International Limited, the
metals businesses of Jacob Metals and Phosphor copper and the investment in the
Woolwich site.



Royce Ritchie, the Executive Chairman, of A. Cohen, commented:



'This further diversification is in line with our commitment to shareholders to
broaden the base of the Company's activities.  The supply and delivery of
broadband content is a rapidly developing need in the media industry throughout
the world and we see tremendous opportunities to provide a high quality service
to the major media Groups both in the UK and Europe.'



For further information please contact


Royce Ritchie                                       00 61 3 9827 9804

Executive Chairman, A Cohen & Co PLC
Brian Coleman-Smith / Amanda Sheehy                 020 7398 3300

Beattie Financial





Background note:



ROO Media Corporation. ('ROO Media') is a Media Syndication company, which
syndicates licensed tier one video content to multiple web sites utilizing its
technology platform which provides management, distribution, syndication and
publishing of video over the Internet. ROO Media's content solutions provide a
cost effective, seamless solution to clients wishing to activate video content
on their web sites.

ROO Media's business model and solutions have an established track record in the
media broadcast industry where ROO Media is establishing itself as a leading
solution for syndication of video content over the Internet.

ROO Media is a private USA Delaware corporation formed in 2001. ROO Media's head
office is in New York though, through its 100% owned subsidiary ROO Media Aust
Pty Ltd, bases a portion of its operations in Australia whereby it leverages of
the lower Australian currency and time difference to conduct a large portion of
the management of data for its global customers.


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