Brewin Dolphin Holdings PLC, Group Preliminary Results for the year ended 30 September 2011

07 December 2011

Highlights
(from continuing operations)

• Total managed funds £24.0 billion at 30 September 2011 (26 September 2010: £23.2 billion).
• Discretionary funds £15.6 billion at 30 September 2011 (26 September 2010: £14.0 billion).
• Total income £264.0 million (26 September 2010: £240.0 million) an increase of 10%.
• Profit before tax £21.9 million (26 September 2010: £30.0 million) a 27% decrease.
• Adjusted* profit before tax £39.6 million (26 September 2010: £39.2 million) a 1% increase.
• Earnings per share:
  • Basic earnings per share 6.6p (26 September 2010: 9.2p) a decrease of 28%.
  • Diluted earnings per share 6.3p (26 September 2010: 9.1p) a decrease of 31%.
• Adjusted* earnings per share:
  • Basic earnings per share 12.4p (26 September 2010: 12.2p) an increase of 1.6%.
  • Diluted earnings per share 11.7p (26 September 2010: 12.0p) an decrease of 2.5%.

* these figures have been adjusted to exclude redundancy costs, additional FSCS Levy, contract renewal payments, acquisition of subsidiary costs and amortisation of client relationships.

Declaration of Final Dividend

The Board is proposing a final dividend of 3.55p, to be approved at the 2012 AGM and payable on 10 April 2012 to shareholders on the register at close of business on 16 March 2012, with an ex-dividend date of 14 March 2012.

Jamie Matheson, Executive Chairman said:

“I am pleased to report that your Company has delivered a resilient performance…. your Board looks to the future with cautious optimism.”

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