Investor Relations

Financial Highlights

2011 highlights

Funds under management	+1.4	31/12/2011 £15.85bn 30/06/2010 £13.29bn 31/12/2010 £15.63bn
Operating income Continuing operations¹	+13.6%	Full Year 2011 £144.5m Half Year 2010 £62.0m Full Year 2010 £127.2m
Underlying profit before tax² Continuing operations¹	+20.0%	Full Year 2011 £46.2m Half Year 2010 £18.1m Full Year 2010 £38.5m
Profit before tax Continuing operations¹	+30.2%	Full Year 2011 £39.2m Half Year 2010 £15.8m Full Year 2010 £30.1m
Underlying earnings per share³ Continuing operations¹	+23.6%	Full Year 2011 78.79p Half Year 2010 29.36p Full Year 2010 63.76p
Basic earnings per share	+34.1%	Full Year 2011 66.72p Half Year 2010 25.48p Full Year 2010 49.76p
Dividends per share	+4.5%	Full Year 2011 46.0p Half Year 2010 16.0p Full Year 2010 44.0p

2010 highlights

Funds under management	+19.3%	2010 £15.63bn 2009 £13.10bn
Operating income Continuing operations¹	+8.9%	2010 £127.2m 2009 £116.8m
Underlying profit before tax² Continuing operations¹	+18.8%	2010 £38.5m 2009 £32.4m
Profit before tax Continuing operations¹	+2.0%	2010 £30.1m 2009 £29.5m
Underlying earnings per share² Continuing operations¹	+21.8%	2010 63.76p 2009 52.36p
Basic earnings per share	+9.2%	2010 49.76p 2009 45.55p
Dividends per share	+4.8%	2010 44.0p 2009 42.0p

Operational highlights

Rathbones’ total funds under management exceed £15 billion forthe first time in November 2010.

£1.24 billion of net new funds under management gained by Rathbone Investment Management in the year.

Funds under management in our offices in Scotland grow by 39.4% from £1.42 billion to £1.98 billion.

17 qualified investment professionals join Rathbones during the year.

The first Rathbones Charity Symposium hosted by the charity team is held at the Royal Society.

Mark Nicholls joins the Board as Chairman-designate.

The five Rathbone Unit Trust Management authorised unit trust funds marketed to IFAs all achieve first quartile performance in 2010.

¹ Continuing operations exclude businesses disposed of and classified as held for sale in 2009 (see note 10 to the consolidated financial statements).

² Underlying profit before tax excludes Financial Services Compensation Scheme levies, amortisation of client relationships and Lloyds Banking Group transaction costs.

³ Underlying profit before tax and underlying earnings per share exclude exceptional financial services compensation scheme levies, amortisation of client relationships, head office relocation costs and gains on disposal of financial securities

Understanding your financial requirements & aspirations is essential to the way we work.

For more information on how we can help you develop an investment portfolio that meets your requirements, please call 020 7399 0000 or email jane.a.seymour@rathbones.com