Acquisition

Rathbone Brothers PLC
15 July 2002



                             RATHBONE BROTHERS PLC

                          ('Rathbones' or the 'Group')

                      Acquisitions and Additional Listing

The Board of Rathbones today announces the acquisition of the following
companies, both of which have, over a period, introduced investment management
clients to the Group.;

Company                                         Consideration         Cash           Unsecured Loan     No. of Ordinary
                                                                                     Notes 2005         shares
                                                                                     (unlisted)
The Rectory One Company Limited                            £1,348,290       £134,829           £674,144           78,274
Innocentia Limited                                         £1,241,176       £150,000           £545,588           79,185
Total                                                      £2,589,466       £284,829         £1,219,732          157,459


Application will be made to the London Stock Exchange and to the UK Listing
Authority for the admission of the 157,459 5p Ordinary Shares which have been
issued as part consideration in connection with the acquisitions noted above.

The shares will rank pari passu with the existing Ordinary Shares.

Richard Loader

Company Secretary

15 July 2002


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