Simplification of deposit taking activities

Press Release

Paris, 13 April 2016

Simplification of deposit taking activities in the

Rothschild & Co Group

On 3 November 2015, Rothschild & Co announced that its subsidiary, N M Rothschild & Sons Limited ("NMR''), had sold Five Arrows Leasing Group. As a result of this sale NMR no longer requires UK deposit funding and will therefore retire its UK deposit taking licence, subject to regulatory consent. This represents a further simplification of the Group following the reorganisation completed in 2012.

NMR will continue to be FCA regulated in the UK and focus on its core advisory activities. The Rothschild & Co Group will continue to undertake deposit taking activities and hold banking licences in France, Switzerland and Guernsey.

Rothschild & Co operates in the following areas:

§ Global Financial Advisory provides advisory services for mergers and acquisitions, debt financing and restructuring, and equity capital markets;

§ Wealth & Asset Management, and

§ Merchant Banking which comprises third party private equity and private debt business and proprietary investments.

Rothschild & Co is a French partnership limited by shares (société en commandite par actions) with a share capital of €142,274,072. Paris trade and companies registry 302 519 228. Registered office: 23 bis avenue de Messine, 75008 Paris, France. Rothschild & Co is listed on Euronext in Paris, Compartment A - ISIN Code: FR0000031684.Rothschild & Co share is PEA-PME eligible