Directors' Dealings

Cohen(A.) & Co PLC
23 March 2000

Letter to Company Announcements Office

Please be advised of the following share transfers of shares advised to me
today.

From Mrs R.V.M. Cohen, 43,361 ordinary 20p to the following persons.

To Mr R.O. Cohen      14,455 shares
To Mr C.A. Cohen      14,453 shares
To Mrs B.A. Axson     14,453 shares

These shares have been gifted and no consideration was payable.

Letter from A Cohen & Co