Analyst Recruitment

Arbuthnot Banking Group PLC
13 March 2007



                          ARBUTHNOT BANKING GROUP PLC

             Recruitment of four analysts for Arbuthnot Securities

Arbuthnot Securities is pleased to announce the recruitment of four experienced
equity analysts. Ian McInally, David Cunningham, Iain MacArthur and Tracy
Mackenzie have all worked closely together over the past six years, researching
44 stocks from a variety of sectors including oil and gas, alternative energy,
financial services, engineering, technology and support services.

The team represents a significant addition to the growing Arbuthnot securities
research team, taking the total up to 15 analysts, covering a wide range of
sectors across the market. The focus remains on consensus-challenging research
as well as providing value added service to the 75 strong corporate client base.

The team will be based in Glasgow, where Arbuthnot will be opening a new office,
but will be fully integrated into the Arbuthnot Securities business.

Mark Brown, CEO Arbuthnot Securities, said 'We are delighted that Ian, David,
Iain and Tracy have agreed to join us. Building on our growing equity research
franchise, they will help to develop our breadth of expertise across several
sectors and will be a great addition to our existing high-quality research team.
An analyst base of such strength is a key platform to help us continue to
provide a high quality service to our existing client base as well as attracting
new corporate clients'.


Enquiries:

Arbuthnot Securities                                  Tel. No.: 020 7012 2000
Mark Brown Chief Executive Officer
Shai Hill Head of Research

Maitland                                              Tel. No.: 020 7379 5151
Emma Burdett
Lydia Pretzlik


Notes to Editors

Arbuthnot Securities Limited

Arbuthnot Securities is a full-service, integrated investment bank providing a
complete range of institutional stockbroking and corporate advisory services,
focused on growth companies (mid and small-cap) listed in the UK. Arbuthnot
Securities takes a long-term, relationship-driven approach to best serve both
its institutional and corporate clients through a high-quality service dedicated
to adding value. Arbuthnot Securities has approximately 75 staff who service its
UK and international clients from offices in the City of London.

Arbuthnot Securities Limited is the investment banking division of Arbuthnot
Banking Group PLC whose shares are quoted on the Alternative Investment Market
of the London Stock Exchange.


Ian McInally - Emerging Companies & Support Services analyst
Ian graduated in Economics and Computer Science, and then gained a MSc in
Investment Analysis. He joined Greig Middleton in 1997, as an analyst covering
the UK Utilities sector. He switched to the buy-side in 1999, joining Tilney
Investment Management to manage discretionary funds, before switching back to
the sell-side.

David Cunningham - Alternative Energy & Technologies analyst
David joined Standard Life after University in 1992, as a bond trader, and in
1994 joined Robert Fleming &Co. In 1997 he moved to the buy-side as a fund
manager at Barclays before moving back to the sell-side in 1999. David
specialises in renewable energy and certain other alternative technologies.

Iain MacArthur - Consumer & Financials analyst
Iain joined Gerrard as a portfolio manager after graduating with a degree in
Economics before moving to the sell-side in 1998. Iain covers a very wide range
of stocks, ranging through consumer and financial services sectors.

Tracy MacKenzie - Oil and Gas analyst
Tracy graduated in Economics and then gained an MSc in Financial Economics. For
the last 6 years she has covered the small-mid cap Oil & Gas sector.





                      This information is provided by RNS
            The company news service from the London Stock Exchange