Directors' Notification of Dealing in Shares

Cohen(A.) & Co PLC
8 August 2000


Letter to Company Announcements Office

Please find a tabular version of schedule 11 in respect of the sale of shares of
Directors and interested parties.

This relates to the stock exchange announcement of 24 July 2000, in which the
Board of Nonferral Recyclers Ltd purchased 160,000 shares in the Company from
the concert party.

Letter from A Cohen & Co.


Schedule 11
Notification of Interests of Directors and Connected persons

Box 1 A. Cohen & Co Plc
                                   Box 9     Box 10    Box 11    Box 12
Box 2       Box 3/4/5  Previous    Shares    % of
Name                  shareholding sold      Issued   Class of   Price/share
                                             class    security

R.O.Cohen   As box 2    74812      38278     4.83%    Ordinary   50 pence 
C.A.Cohen   As box 2    73362      37639     4.75%    Ordinary   50 pence
R.V.M.Cohen As box 2    26118      16567     2.09%    Ordinary   50 pence
B.A.Axson   As box 2    49111      21660     2.73%    Ordinary   50 pence
P.E.Cohen   As box 2    36687      18386     2.32%    Ordinary   50 pence
W.Levinson  As box 2    32041      14131     1.78%    Ordinary   50 pence
R.Cohen     As box 2    29543      13030     1.64%    Ordinary   50 pence
S.Hipwell   As box 2      700        309     0.04%    Ordinary   50 pence


                                    
Box 2        Box 13        Box 14      Box 15           Box 16
Name         Date of       Date        Total Holding    Total % of
             Transaction   Company     following        class following
                           informed    Notification     Notification

R.O.Cohen     24/07/00     25/07/00       36534           4.61%
C.A.Cohen     24/07/00     25/07/00       35723           4.51%
R.V.M.Cohen   24/07/00     25/07/00        9551           1.21%
B.A.Axson     24/07/00     25/07/00       27451           3.46%
P.E.Cohen     24/07/00     25/07/00       18301           2.31%
W.Levinson    24/07/00     25/07/00       17910           2.26%
R.Cohen       24/07/00     25/07/00       16513           2.08%
S.Hipwell     24/07/00     25/07/00         391           0.05%


Box 1  A. Cohen & Co Plc

                                   Box 9     Box 10    Box 11    Box 12
Box 2       Box 3/4/5  Previous    Shares    % of
Name                  shareholding sold      Issued   Class of   Price/share
                                             class    security

R.O.Cohen   As box 2    1325         1325    0.15%    A Ord       35 pence 
C.A.Cohen   As box 2    1850         1850    0.22%    A Ord       35 pence
R.V.M.Cohen As box 2    2650         2650    0.31%    A Ord       35 pence
B.A.Axson   As box 2     925          925    0.11%    A Ord       35 pence
P.E.Cohen   As box 2       0            0    0.00%    A Ord       35 pence
W.Levinson  As box 2    6760         6760    0.79%    A Ord       35 pence
R.Cohen     As box 2       0            0    0.00%    A Ord       35 pence
S.Hipwell   As box 2       0            0    0.00%    A Ord       35 pence


                                    
             Box 13        Box 14      Box 15           Box 16
             Date of       Date        Total Holding    Total % of
             Transaction   Company     following        class following
                           informed    Notification     Notification

R.O.Cohen     24/07/00     25/07/00         0             0.00%
C.A.Cohen     24/07/00     25/07/00         0             0.00%
R.V.M.Cohen   24/07/00     25/07/00         0             0.00%
B.A.Axson     24/07/00     25/07/00         0             0.00%
P.E.Cohen     24/07/00     25/07/00         0             0.00%
W.Levinson    24/07/00     25/07/00         0             0.00%
R.Cohen       24/07/00     25/07/00         0             0.00%
S.Hipwell     24/07/00     25/07/00         0             0.00%