Director Shareholding

Rathbone Brothers PLC
14 May 2003

Rathbone Brothers Plc

Directors' Shareholding

On 13 May 2003, ordinary shares of 5p were acquired at £5.30 by Hill Samuel ESOP
Trustees Limited who are the Trustees of The Rathbone Inland Revenue Approved
Employee Share Incentive Plan ('the Plan'). The purchase was in respect of the
reinvestment of dividends paid into the Plan. The registered holder is Lloyds
TSB Registrars Corporate Nominee Limited. A/c AESOP1.


The following directors are beneficial owners of the following shares (subject
to the terms and conditions of the Plan Trust Deed and Rules).

Director                         Purchase    Total holding following        Total % holding following
                                                   notification                   notification
                                               Beneficial Non beneficial      Beneficial  Non beneficial

R A Morris                             22         298,055         14,250          0.754%          0.036%
G M Powell                             22         298,977         10,000          0.756%          0.025%
A D Pomfret                            22          14,055              0          0.036%               -
R P Lanyon                             22         226,132              0          0.572%               -
M W F Leather                          22         145,148              0          0.367%               -
The Viscount Lifford                   22          88,625              0          0.224%               -
A T Morris                             22           3,641              0          0.009%               -
R I Smeeton                            22         125,273          7,925          0.317%          0.020%
W Rathbone                             22          12,055          1,650          0.030%          0.004%
J G S Coode-Adams                      21           7,197              0          0.018%               -
P D G Chavasse                         14           3,291              0          0.008%               -



Richard Loader

Company Secretary

14 May 2003


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