Re Directorate

Close Brothers Group PLC
19 December 2001

19th December 2001

BOARD CHANGES

Close Brothers Group plc announced today the Mr John Llewellyn-Lloyd will be
leaving the Board of Close Brothers Group plc and the Group on 31st December
2001.

His place as Chief Executive of Close Brothers Corporate Finance Ltd will be
taken by Mr Richard Grainger, who has been with Close Brothers since 1996 and
prior to that with Hill Samuel corporate finance division since 1987.

Press enquiries:   Rod Kent       Managing Director            020 7426 4000
                                  Close Brothers Group plc

                   John Sunnucks  Brunswick Group Ltd         020 7404 5959