Company Announcements

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

1 July 2020

Jupiter Fund Management plc ("Jupiter")

Completion of Acquisition of Merian Global Investors Limited ("Merian")

Further to its announcement on 17 February 2020 in relation to the proposed acquisition of Merian (the "Acquisition"), its announcement on 21 May 2020 in relation to the approval of the Acquisition by Jupiter shareholders and its announcement on 29 June 2020 in relation to the satisfaction of all of the conditions for completion of the Acquisition have been satisfied (other than Admission) and approval and publication of its prospectus (the "Prospectus"), Jupiter is pleased to announce that all of the conditions to completion of the Acquisition have now been satisfied and the Acquisition has completed.

As previously announced, the consideration for the Acquisition will be satisfied by the issue by Jupiter of 95,360,825 new ordinary shares (the "Consideration Shares") to the sellers of Merian. Admission to the premium listing segment of the Official List of the Financial Conduct Authority and unconditional dealings in the Consideration Shares are expected to commence at 8.00 a.m. on 2 July 2020.

Enquiries

Jupiter Fund Management plc                                                              +44 (0) 20 3817 1000

Andrew Formica, Chief Executive

Wayne Mepham, Chief Financial Officer

Alex Sargent (Investor Relations)                                                            +44 (0) 20 3817 1534

Despina Constantinides (Media Relations)                                              +44 (0) 20 3817 1278

Fenchurch Advisory Partners   LLP                                                      +44 (0) 20 7382 2222

(Lead Financial Advisor)

Vincent Bounie

Malik Karim

Philip Evans

J. P. Morgan Cazenove                                                                        +44 (0) 20 7742 4000

(Joint Financial Advisor and Joint Corporate Broker)

Edward Squire

Andrew Stockdale

Numis                                                                                                  +44 (0) 20 7260 1000

(Joint Corporate Broker)

Charles Farquhar

Stephen Westgate

Powerscourt                                                                                         +44 (0) 20 7250 1446

(Financial Communications Advisor to Jupiter)

Justin Griffiths

Victoria Heslop

Jupiter Fund Management plc

LEI Number: 5493003DJ1G01IMQ7S28

Important Notice

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. The information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

Disclaimer

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), and which is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated by the PRA and the FCA, is acting as financial adviser, sponsor and joint corporate broker exclusively for Jupiter and no one else in connection with the Acquisition and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than Jupiter for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to the Acquisition or any other matter or arrangement referred to herein.

Fenchurch Advisory Partners LLP ("Fenchurch"), which is authorised and regulated by the FCA in the UK, is acting as lead financial adviser exclusively for Jupiter and no one else in connection with the Acquisition and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than Jupiter for providing the protections afforded to clients of Fenchurch or its affiliates, nor for providing advice in relation to the Acquisition or any other matter or arrangement referred to herein.

Numis Securities Limited ("Numis"), which is authorised and regulated by the FCA the United Kingdom, is acting exclusively as corporate broker for Jupiter and no one else in connection with the Acquisition and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than Jupiter for providing the protections afforded to clients of Numis or its affiliates nor for providing any advice in relation to the Acquisition and or any other matter or arrangement referred to herein.