Acquisition

Rathbone Brothers PLC
09 September 2002

                             RATHBONE BROTHERS PLC

                                 ('Rathbones')

                       Acquisition and Additional Listing

The Board of Rathbones today announces the acquisition by Rathbone Investment
Management Limited of the entire issued share capital of Oaktree Investment
Management Limited in Jersey for a total consideration of £2.5million, made up
as follows:


                                                                              £
Initial
Cash                                                                 £1,275,000
Shares                                                                 £850,000
Deferred for one year
Cash                                                                   £225,000
Shares                                                                 £150,000
Total                                                                £2,500,000


Application will be made to the London Stock Exchange and to the UK Listing
Authority for the admission of 153,009 5p Ordinary Shares which will be allotted
as part of the initial consideration. The shares will rank pari passu with the
existing Ordinary Shares.

Richard Loader

Company Secretary

9 September 2002


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