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Brewin Dolphin Hldgs (BRW)

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Friday 09 November, 2001

Brewin Dolphin Hldgs


Brewin Dolphin Holdings PLC
9 November 2001

Brewin Dolphin Holdings PLC - Acquisition

9 November 2001

Brewin Dolphin Holdings PLC (the Company) is pleased to announce that it has
today acquired the entire issued share capital of Russell Newth Limited.

The initial consideration for Russell Newth Limited is £850,000 and 291,262 1p
ordinary shares in the Company (at £1.03 per share).

Deferred consideration for Russell Newth Limited, up to a maximum of £2.35m,
may also be payable, in ordinary shares of the Company, dependent on the net
profits of Russell Newth Limited over the 3 year period to 30 November 2004.

Application has been made to the UK Listing Authority and the London Stock
Exchange for 291,262 shares to be admitted to the Official List in respect of
the acquisition of Russell Newth Limited. These shares rank pari passu with
the existing issued shares of the company.

Its is expected that the admission to the Official List will become effective
and dealings will commence in the new shares on Thursday 15 November 2001.


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