AGM Statement

Rathbone Brothers PLC
05 May 2004


                             RATHBONE BROTHERS PLC
5 May 2004
                        ANNUAL GENERAL MEETING STATEMENT

At the Annual General Meeting of the Company held earlier today, all the
resolutions proposed (and which were contained in the notice of meeting dated 2
March 2004) were passed. Copies of resolutions (other than those concerning
ordinary business) have been submitted to the UK Listing Authority for
publication through its Document Viewing Facility.

Mark Powell, Chairman, commented on trading for the first quarter of 2004. He
said, 'In the opening months of this year, rather more stable and positive
market conditions have provided a more favourable backdrop for our Investment
Management and Trust activities. In the first quarter of the year, each of the
major divisions of Rathbones has reported higher profits, despite a competitive
market place. I can therefore re-state our belief that, barring some sharp,
unexpected setback in the markets, we can look forward with some optimism in all
sectors of our business.'

For further information, please contact:

Rathbone Brothers Plc         Tel: [phone]
Mark Powell, Chairman
Andy Pomfret, Finance Director

Luther Pendragon              Tel: [phone]
Andrew Sharkey




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