Directorate Change

Rathbone Brothers PLC
05 January 2005





5 January 2005



       Peter Pearson Lund appointed to the Board of Rathbone Brothers Plc


Peter Pearson Lund, Chief Executive of Rathbone Unit Trust Management Limited,
has been appointed to the Board of Rathbone Brothers Plc with effect from 5
January 2005.

Mark Powell, Chairman, commented: 'In the five years since Peter joined us to
develop our unit trust business, funds under management have risen from under
£100 million to just over £800 million(1), and we are on track to reach £1
billion.

This growth reflects widespread recognition of the excellent investment
performance achieved by Rathbones' funds and the continuing support of a wide
range of intermediaries. Our success in this area has undoubtedly been
beneficial to Rathbones as a whole.

Unit trusts are an important growth area for us, representing as they do over
10% of our funds under management.'

Peter Pearson Lund joined Rathbones in 1999 when the company decided to bring
together its unit trust activities and develop them. At that time, funds under
management were under £100 million. He had previously been Managing Director of
Gartmore Fund Managers Limited.

There are no further details requiring disclosure under paragraph 16.4 of the
UKLA Listing Rules.

                                    - ENDS -

For further information, please contact:
Emily Morris, Marketing Director            Rathbones         Tel: [phone]
Mark Tierney/Joanna Trezise                 Fishburn Hedges   Tel: [phone]

Notes to editors:
Rathbones is a listed investment management company and a leading provider of
discretionary fund management and wealth management services for private clients
and trustees. It manages over £7 billion of discretionary funds for individuals,
their trusts, charities and pension funds, and for the professional advisers of
these clients. The company provides tax, trust, financial planning and family
office services through its trust division(2).




(1) Unaudited, as at 31 Dec 2004
(2) Rathbone Trust Company Limited and the services it provides are not 
    authorised or regulated by the Financial Services Authority




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