Results of Rights Issue

Cohen(A.) & Co PLC 3 July 2001 STOCK EXCHANGE ANNOUNCEMENT For immediate release A. COHEN & CO. PLC 3 July 2001 A. COHEN & CO. PLC ('Cohen' or the 'Company') RESULT OF 6 FOR 1 RIGHTS ISSUE The Company's rights issue of 11,194,698 New Ordinary Shares at 25 pence per share, which was announced on 18 May 2001, closed at 3.00 p.m. on 2 July 2001. The Board of Cohen announces that valid acceptances have been received in respect of 1,100,419 New Ordinary Shares, representing approximately 9.8 per cent. of the total number of New Ordinary Shares offered pursuant to the Rights Issue. The balance of the New Ordinary Shares will be subscribed for by the sub-underwriters at the Rights Issue Price of 25 pence per share for those New Ordinary Shares for which valid acceptances were not received. Dealings in the New Ordinary Shares commenced, fully paid, at 8.00 a.m. on 3 July 2001. It is expected that CREST stock accounts will be credited for New Ordinary Shares in uncertificated form on 5 July 2001 and that definitive share certificates in respect of the New Ordinary Shares will be despatched by 10 July 2001. Terms defined in the Company's announcement dated 18 May 2001 shall, unless the context requires otherwise, have the same meanings in this announcement. Enquiries: A. Cohen & Co. plc Royce Ritchie Tel: 00 613 9827 9804 Old Mutual Securities Graham Ashley Tel: 020 7002 4600 This announcement is issued by A. Cohen & Co. plc and the Directors of A. Cohen & Co. plc are the persons responsible for the information contained in this announcement. Old Mutual Securities, a division of Old Mutual Securities Limited is acting exclusively for A. Cohen & Co. plc and for no-one else in relation to the Rights Issue and will not be responsible to any other person for providing the protections afforded to its customers or for providing advice in relation to the Rights Issue. The contents of this press announcement do not constitute an offer or invitation to acquire shares in A. Cohen & Co. plc and are not for release, publication or distribution in the United States, Canada, Australia, Japan or South Africa. END