The Board of Close Brothers Group plc ("Close Brothers" or the “Group”) confirms that following a number of approaches and detailed discussions with several parties it is no longer in discussions in relation to an offer for the Group or any of its divisions.

Close Brothers will announce its interim results and give an update on business performance on Monday 3 March 2008.

Enquiries:

Justin Clark, Close Brothers Group plc             +44 (0) 20 7655 3429

David Waller, The Maitland Consultancy           +44 (0) 20 7379 5151