Rathbone Brothers Plc, trading update and notice of results

Trading Update

Rathbone Brothers Plc ("Rathbones"), a leading provider of discretionary fund management and wealth management services for private investors, charities and trustees, announces that:

• Total funds under management as at 31 December 2011 were £15.85 billion, up 1.4% from £15.63 billion as at 31 December 2010.

• Funds managed by Rathbone Investment Management Limited were £14.76 billion as at 31 December 2011, up 1.2% from £14.59 billion as at 31 December 2010. This compares to a 5.6% decrease in the FTSE 100 Index and a 2.8% decrease in the FTSE APCIMS Balanced Index over the same period.

• The underlying annualised rate of net organic growth in funds under management in Rathbone Investment Management Limited was 5.4% in the year ended 31 December 2011 (2010: 5.3%).

• Acquired inflows of funds under management into Rathbone Investment Management Limited totalled £0.31 billion in the year (2010: £0.60 billion) which when added to net organic growth represents a net annual growth rate of 7.5% (2010: 10.2%).

• The FTSE 100 Index ended 2011 at 5572 (2010: 5900) making the average index 5663 on quarter end billing dates in 2011 (2010: 5528).

• Cash held in client portfolios was £0.9 billion as at 31 December 2011 (2010: £0.8 billion).

• Funds managed by Rathbone Unit Trust Management Limited rose to £1.09 billion as at 31 December 2011 from £1.04 billion as at 31 December 2010, an increase of 4.8%. Total net fund inflows were positive each month in 2011, totalling £35 million in the fourth quarter of 2011 and £97 million for the full year.

Outlook

Rathbones is cautiously optimistic about the prospects for 2012 with the UK equity market ending 2011 on a more positive note. There is no doubt that the uncertainties over Europe persist but this is balanced by indications that the economic environment is showing small signs of improvement, particularly in the USA.

Rathbones will continue investing to consolidate its position as a leading provider of high-quality, personalised discretionary investment management services.

Notice of Results

Rathbones will issue its preliminary statement of annual results for the year ended 31 December 2011 on Tuesday 21 February 2012. Results are anticipated to be in line with expectations.

ENDS
10 January 2012

For further information contact:

Rathbone Brothers Plc
Tel: 0207 399 0000
Email: marketing@rathbones.com
Mark Nicholls, Chairman
Andy Pomfret, Chief executive
Paul Stockton, Finance director

Quill PR
Tel: 0207 466 5054
Hugo Mortimer-Harvey
Fiona Harris

Rathbone Brothers Plc

Rathbone Brothers Plc is a leading independent provider of high-quality, personalised investment and wealth management services for private investors, charities and trustees. This includes discretionary investment management, tax and financial planning and unit trusts.

Rathbones has some 750 staff in 11 UK locations and Jersey, and has its headquarters in New Bond Street, London.

From 27 February 2012, Rathbones’ head office will move to 1 Curzon Street, London, W1J 5FB.

 www.rathbones.com

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