Director Shareholding

Rathbone Brothers PLC
12 November 2004


Rathbone Brothers Plc
Directors' Shareholdings - Share Incentive Plan (SIP)

On 11 November 2004, ordinary shares of 5p were allotted to Hill Samuel ESOP
Trustees Limited, the Trustees of The Rathbone Inland Revenue Approved Share
Incentive Plan. The registered holder is Lloyds TSB Registrars Corporate Nominee
Limited. A/c AESOP1. Shares were allotted at £7.045 which was the closing
mid-market price on 30 April 2004, the start of the six month SIP contribution
accumulation period.

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

Director           Allotted       Total holding following       Total % holding following
                                      notification                   notification

                               Beneficial    Non beneficial   Beneficial    Non beneficial

J C Barclay             214           450                -         0.001%               -
I M Buckley             212        15,344                -         0.038%               -
C M Burton              214           450                -         0.001%               -
P D G Chavasse          212         6,167                -         0.015%               -
J G S Coode-Adams       212         8,133                -         0.020%               -
S M Desborough          212         1,994                -         0.005%               -
R P Lanyon              212       219,071                -         0.536%               -
The Viscount Lifford    212        89,564           20,000         0.219%           0.049%
A T Morris              212        14,080                -         0.034%               -
R A Morris              212       262,174           42,250         0.642%           0.103%
A D Pomfret             298        20,290                -         0.050%               -
G M Powell              212       299,916           10,000         0.734%           0.024%
R I Smeeton             212       134,137                -         0.328%               -

Shares were also allotted to Hill Samuel Offshore Trust Company Limited who are
the Trustees of The Rathbone International Share Incentive Plan. The registered
holder is Bank of New York (Nominees) Limited.

The following director is the beneficial owner of the following shares (subject
to the terms and conditions of the Plan Trust Deed and Rules).


Director           Allotted       Total holding following       Total % holding following
                                      notification                   notification

                               Beneficial    Non beneficial   Beneficial    Non beneficial

M P Egerton-Vernon      212        91,430                -         0.224%               -




Richard Loader
Company Secretary
12 November 2004
Telephone no. 020 7399 0000




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