Interim Results

Cohen(A.) & Co PLC
1 September 2000


Chairman's report on the half Year results

The un-audited Group results of A.Cohen. & Co plc for the half year ended
30th June 2000 with the corresponding period to 30 June 1999 are
shown below together with the results for the year ended 31st December 1999.

The results which are a profit of £226,000 represent a considerable
improvement in the performance of the Group over that of the
corresponding period last year and recent times.

The performance reflects the considerable change which has been made to
the Group in the UK and overseas and has brought to an end the
significant operating losses which the Group has been experiencing.
Whilst the costs and losses have been arrested and operating profits are
now being made, the long period of preceding losses and costs of existing
unprofitable operations have been substantial. This led to the
restructure announced on 24th July 2000 including the sale of the balance
of the 52% holding in Nonferral Recylers Ltd.

The sale which was necessary to generate the cash flow for the Group to
continue was made at market value which was in excess of the cost in the
parent company accounts and will result in a profit to the parent
company. It was however below the consolidated value in the accounts of
the company and the Group will report a loss on the sale in the second
half.

A full report will be provided to the shareholders in a circular being
prepared to ratify and approve the sale.

The profits for the period reflect a return to profitability of the
wholly owned subsidiary A.Cohen & Co (Great Britain) Ltd. This was
achieved from the phosphor copper activities which is the residual
manufacturing activity at Woolwich and was a very good contribution and
the trading activities now located at 34 Queen Anne Street, London which
made a modest contribution. Jacobs Metals Ltd also made a small
contribution however this performance was below that of the previous
year.

The balance of the profit was made from non-recurring benefits net of
costs achieved as a result of the restructuring.

The result was also achieved notwithstanding the continuing high
corporate and overhead costs of operating from Oxendon Street in London
which have since the end of June been reduced significantly by relocation
of the Head Office to Purland Road, Woolwich and the trading operations
to Queen Anne Street, London.

The results also benefited by a contribution after minority interests
from Nonferral Recyclers Ltd of £ 141,000 for the period.

No contribution was brought to the account from the Group investments in
Metal Sales Pty Ltd in Zimbabwe, and Speedmark Industries in South
Africa.

The Directors are now seeking to improve the performance and returns from
the continuing activities and investments and further reduce the ongoing
costs of the group to improve both profits and working capital of the
Group. In conjunction with this the directors are also investigating the
addition of other activities to contribute and assist in the above. The
directors in accordance with the authority given to them by the
shareholders at the Annual General Meeting on the 10th August 1999,
approved a placement of 70,000 shares in A.Cohen & Co Plc at the current
market value of 55pence.

Royce Ritchie
Chairman

For further information please contact Royce Richie (Executive Chairman)
or the Company Secretary on (Telephone ) 020 8320 4210 (Fax ) 020 8310
1506.

          A. Cohen & Co. half year results to 30th June 2000

                     Unaudited    Unaudited        Audited
                    Half Year to  Half Year to     Year to
                     30th June    30th June     31st December
                        2000        1999           1999

Group turnover from    38,393       31,126        65,324
continuing operations

Group turnover from    1,204         3,117         5,943
Discontinued 
operations

Operating profit(loss)   397          (924)       (3,852)
from continuing 
operations after 
interest

Profits from interests     0            57             -
In associated 
undertakings

Profits on sale Fixed 
Assets                     0              0           31

Cost of Fundamental        0              0         (824)
Organisation

Profit(Loss) on          397           (867)      (4,645)
ordinary    
Activites before 
taxation

Taxation                   0             (5)         (52)

Minority Interest      (171)              -           82
Profit (Loss) on 
ordinary Activites, 
after taxation
Attributable to 
Shareholders            226            (872)      (4,615)

Profit(Loss) per 
share                  13.7p         (52.8p)      (279.4)