Under the terms of the Combination, Rathbones has now issued to Investec Bank Plc as consideration: (i) 27,056,463 ordinary voting shares representing 29.9% of the Rathbones enlarged ordinary voting share capital (" New Ordinary Shares "); and (ii) 17,481,868 convertible non-voting ordinary shares (" Convertible Non-Voting Ordinary Shares "), such that Investec Group now has an economic interest of 41.25% in Rathbones' enlarged share capital. Following completion, and as described in the combined prospectus and circular published on 1 June 2023 (the " Prospectus "), Investec Group (defined below) is entitled to nominate two Non-Executive Directors for appointment to the Board of Rathbones. Investec has informed Rathbones that it will nominate Ruth Leas instead of Ciaran Whelan, and the appointments of Henrietta Baldock and Ruth Leas have now taken effect subject to regulatory approval.