re Disposal

Cohen(A.) & Co PLC 31 March 2003 A. Cohen & Co. plc 31 March 2003 A. Cohen & Co. plc (the 'Company') Disposal of Woolwich site The Company announces that it has entered into a contract to dispose of its Woolwich property, Purland Road, West Thamesmead Business Park, London SE28 (the 'Woolwich Site') for a total cash consideration of £750,000 (the 'Disposal'). Owing to its size, the Disposal is conditional on, inter alia, approval by the Company's shareholders. On 27 September 2002, your Board announced that, as part of its diversification strategy, it would review further options for both the phosphor copper business and the investment in the Woolwich Site. The Disposal is the first step in the Company's move to exit from the phosphor copper business and the Company is in negotiations with several parties for the sale of both this business and the plant and equipment held at the Woolwich Site. As at 31 December 2002, the book value of the Woolwich Site was approximately £650,000. The net proceeds of the Disposal will be used to reduce indebtedness and for working capital purposes. A circular will be sent to shareholders in due course providing further details of the Disposal and giving notice of an extraordinary general meeting of the Company to approve the Disposal. For further information please contact: A. Cohen & Co. plc 020 8320 4211 Royce Ritchie, Executive Chairman Jim Ferguson, Managing Director Metals This information is provided by RNS The company news service from the London Stock Exchange