RNS Number:

Collins Stewart plc

22 December 2006

Collins Stewart plc

Reduction of Capital becomes effective

On 21 December 2006 the High Court sanctioned the proposed reduction of capital of Collins Stewart plc reducing the nominal value of each of its ordinary shares (both issued and unissued) by 125 pence from 150 pence to 25 pence (the "Reduction"). The order of the High Court has today been delivered to the Registrar of Companies and has been registered. Accordingly, the Reduction has today become effective.

The Reduction has created distributable reserves of approximately £265 million.

Enquiries: Collins Stewart plc

Nigel Szembel, Head of Communications 0044 7802 362088