Appointment

Cohen(A.) & Co PLC
11 December 2001



A. Cohen & Co. plc


11th December 2001


Appointment of new directors


A. Cohen & Co. plc (the 'Company') announces the appointment to the board of
the Company of the following two directors:


Charles David Owen Jillings, aged 46 and resident in the UK, is a
non-executive director of a number of public companies including Hemscott PLC.
Charles is currently employed by The Analysis & Research Company Ltd. He holds
a Bachelor of Commerce Degree and qualified as a Chartered Accountant in South
Africa.


Over the past six years Charles has gained extensive experience in smaller
company investment through his directorships and investment, prior to which he
was a director of Hill Samuel Bank Limited in London, where he had worked for
ten years in corporate finance until 1995.


David Thomas Weir, aged 54 and resident in the UK, is a non-executive director
of a number of public companies including Dee Valley Group PLC. David is a
Fellow of the Institute of Chartered Accountants and Institute of Directors
and a member of the Institute of Waste Management.


David was Chief Executive of Caird Group plc for six years to 1999, prior to
which he was employed by Cleanaway Ltd as Managing Director of Waste Services
and as a Finance Director.


The appointments are effective as of today's date.


Nonferral Recyclers Limited


Nonferral Recyclers Limited and approximately half of its subsidiaries and
associated companies, have been placed in administration and/or receivership.
As the policy of the Directors since July 2001 has been that all transactions
with related or associated parties should be secured or insured this is not
expected to impact on the Group in a significant manner nor jeopardize the
ongoing businesses of the Group.


The Company wishes to advise that it has undertaken, on a principal or agency
basis, with its former subsidiary and associated company, Nonferral Recyclers
Limited, and its subsidiaries (the 'Nonferral Recyclers Group'), in the normal
course of business, transactions for in excess of £1 million in the period to
November 2001 representing between 15 per cent. and 20 per cent. of the
transactions of the Company and its subsidiaries (the 'Group') as measured by
turnover.


The material transactions which may impact on the Group are as follows:


 1. The sale of copper based product will, as appropriate, be undertaken by or
    to other entities. This may exacerbate the economic downturn in copper
    based product sales of the Group's subsidiary, A. Cohen & Co. (GB) Ltd.,
    in the short term in the Far Eastern markets.

 2. The trading of both copper and aluminium based product by A. Cohen & Co.
    (GB) Ltd. and Jacob Metals Ltd may be impacted in the short term in the
    event other sources and customers are not identified.


The Company is unable to quantify the impact of the above at this time, and it
is expected that other third party trading arrangements will replace these
areas of trade.


The Company has identified two specific exposures from which the Group may
suffer as follows:


 A. The Group has outstanding an amount of £37,000 related to corporate
    transactions prior to the separation of the Nonferral Recyclers Group from
    the Group which may or may not be recoverable; and

 B. Jacob Metals Ltd has outstanding a net amount of £39,000 related to
    warranty claims associated with trading business undertaken with the
    Nonferral Recyclers Group which may or may not be recoverable.


The directors do not consider that the Company or the Group has any other
material exposures. However, as a precaution, its auditors have been requested
to review accounting entries relating to a further £60,000 associated with the
separation of the Nonferral Recyclers Group and any other transactions since
the separation recorded in the accounts of the Group which may give rise to
any other present, future or contingent exposure to the Nonferral Recyclers
Group.


Possible investments


The Company will consider any investment opportunities which may be of
advantage to shareholders as a result of the administration of the Nonferral
Recyclers Group, in conjunction with any other investment opportunities that
may arise in the normal course of business.


For further information please contact:

Royce Ritchie                                                 00 61 417 500 979