Corporate Action

Cohen(A.) & Co PLC 23 May 2001 CAPITALISATION ISSUE SECURITY TITLE *Ord Shs MNEMONIC CODE *CHEN SEDOL CODE *208-008 TERMS *1 additional ordinary share for every 6 ordinary shares held. DEALINGS COMMENCE NEW SHARES *12-06-01 PROVISIONAL EX DATE *12-06-01 RECORD DATE *08-06-01 NOTES * ENFRANCHISEMENT SECURITY TITLE *Non-Voting A' Ord Shs MNEMONIC CODE *CHEA SEDOL CODE *208-020 TERMS *The Non-Voting 'A' Ordinary Shares will be redesignated as Ordinary Shares. DEALINGS COMMENCE NEW SHARES *12-06-01 PROVISIONAL EFFECTIVE DATE *12-06-01 RECORD DATE *08-06-01 NOTES *