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Brewin Dolphin Hldgs (BRW)

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Friday 27 May, 2005

Brewin Dolphin Hldgs

Director Shareholding

Brewin Dolphin Holdings PLC
27 May 2005



                                 BREWIN DOLPHIN HOLDINGS PLC
   Issue and award of shares and grant of options over shares under the Brewin 
                    Dolphin Holdings PLC Senior Employee Matching Share Scheme


Brewin Dolphin Holdings PLC ('the company') announces that Mourant & Co Trustees
Limited ('the trustee'), as trustee of the Brewin Dolphin Holdings PLC Employee
Share Ownership Trust ('the Trust'), has recently acquired by subscription and
awarded shares and Brewin Dolphin Holdings PLC has granted options under the
Brewin Dolphin Holdings PLC Senior Employee Matching Share Scheme ('the scheme')
to employees of companies in the Brewin Dolphin group of companies, including Mr
Still, an executive Director of the company. The scheme, which is intended to
encourage share retention by the participating employees, offers participating
employees the opportunity to purchase shares in the company at current market
value and receive a matching option to acquire shares at current market value.


On 26 May 2005, the trustee acquired by subscription and awarded to relevant
participating employees 84,156 of the company's ordinary shares of 1p each
('shares') and on a matching one to one basis the company granted options to
subscribe for 84,156 shares to relevant participating employees. 


Of the shares awarded and options granted, Mr Still was awarded 24,752 shares
and granted options to subscribe for 24,752 shares. The shares awarded are
registered in the name of the trustee and will remain so subject to the terms of
the scheme.


The shares have been issued to and awarded by the trustee nil paid at a price of
101p per share representing the market value of a share at the time of the issue
and award (the average mid-market price of a share at the close of business on
the three business days prior to 26 May 2005 was 101p). The full purchase price
of the shares is payable to the trustee as set out in the scheme and in any
event no later than 26 May 2012.


The options are over new shares of the company and may be exercised, subject to
satisfaction of performance conditions, continued employment by a Brewin Dolphin
company and retention of the related awarded shares until 26 May 2009, and
otherwise as set out in the scheme, at a price of 101 p per share (no payment
was made on grant) normally at any time between 26 May 2009 and 26 May 2012 but
otherwise as set out in the scheme including by reason of a change of control
following a takeover. Save as set out in the scheme, the options may not be
sold, transferred, charged or otherwise disposed of prior to exercise.


Information regarding the award of the shares and options to and the interests
of Mr Still mentioned was received by the company on 26 May 2005.

Mr Still is also interested in shares held otherwise than under the scheme.








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