re Disposal

Cohen(A.) & Co PLC
31 March 2003

A. Cohen & Co. plc

31 March 2003

                       A. Cohen & Co. plc (the 'Company')
                           Disposal of Woolwich site

The Company announces that it has entered into a contract to dispose of its
Woolwich property, Purland Road, West Thamesmead Business Park, London SE28 (the
'Woolwich Site') for a total cash consideration of £750,000 (the 'Disposal').
Owing to its size, the Disposal is conditional on, inter alia, approval by the
Company's shareholders.

On 27 September 2002, your Board announced that, as part of its diversification
strategy, it would review further options for both the phosphor copper business
and the investment in the Woolwich Site. The Disposal is the first step in the
Company's move to exit from the phosphor copper business and the Company is in
negotiations with several parties for the sale of both this business and the
plant and equipment held at the Woolwich Site.

As at 31 December 2002, the book value of the Woolwich Site was approximately
£650,000. The net proceeds of the Disposal will be used to reduce indebtedness
and for working capital purposes.

A circular will be sent to shareholders in due course providing further details
of the Disposal and giving notice of an extraordinary general meeting of the
Company to approve the Disposal.

For further information please contact:

A. Cohen & Co. plc 020 8320 4211
Royce Ritchie, Executive Chairman
Jim Ferguson, Managing Director Metals


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