Directorate Change

Close Brothers Group PLC
01 November 2006


                            CLOSE BROTHERS GROUP plc


                                  BOARD CHANGE





The board of Close Brothers Group plc announces that Sir David Scholey retired
as Chairman of the company at the conclusion of its Annual General Meeting
today, 1st November 2006. Mr. R.D. Kent suceeded Sir David as Chairman at the
same time.


In addition Mr. P.S.S. Macpherson, the Senior Independent Director, was also
appointed Deputy Chairman at the same time.


For further information please contact Robin Sellers on 020 7655 3100.




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