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Brewin Dolphin Hldgs (BRW)

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Friday 24 December, 2004

Brewin Dolphin Hldgs

FSA Statement

Brewin Dolphin Holdings PLC
24 December 2004


24 December 2004

                          Brewin Dolphin Holdings PLC


The setting up of a fund under the auspices of the Financial Services Authority
for the benefit of those who lost money in Zero Dividend Preference Shares has
been under close consideration for some time. An agreement has now been reached
as outlined in the FSA's statement of 24th December 2004. The Directors believe
that such a fund, which amounts to £194m, is in the best interests of our
clients and shareholders and the Board has therefore agreed to make an
exceptional ex gratia contribution of £5m.

John Hall, Chief Executive said: 'We believe that this fund and our contribution
to it are in the best interests of our clients, our shareholders and the
industry as a whole.'

Enquiries:

Citigate Dewe Rogerson           020 7638 9571
Toby Mountford                   07710 356 611
Anthony Kennaway                 07779 269 575


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