Jupiter Fund Management Regulatory News (JUP)

2 September 2014

Jupiter Fund Management plc

Board Change

Jupiter Fund Management plc (the "Company" or "Jupiter") announces that Jamie Dundas has decided to step down from his role as non-executive Chairman and as a Director of Jupiter due to ill health.

Accordingly, Mr. Dundas will also cease to be a member of the Nomination Committee and the Remuneration Committee.

The Board has decided to appoint Liz Airey, the Senior Independent non-executive Director of the Company, as Chairman with effect from 1 September 2014. She will also assume the role of Chairman of the Nomination Committee.

Following from these changes, Lorraine Trainer has been appointed as Senior Independent Director and Jonathon Bond has been appointed to the Nomination Committee. Jupiter will be commencing a search for a new non-executive Director to take on the role of Chair of the Audit Committee, currently held by Liz Airey.

Liz Airey, Chairman said: "On behalf of the Company and its shareholders I would like to thank Jamie for his exceptional leadership of the Company since he was appointed Chairman in 2008. Jamie has provided an invaluable combination of extensive experience, personal wisdom and strong leadership. He played a key role in leading Jupiter through its IPO and its subsequent success as a listed company. Our thoughts are with Jamie at this time, and we hope he continues to make good progress in his recovery."

Maarten Slendebroek, Chief Executive said: "We are all very sad that Jamie has had to retire from the Board. Jupiter is fortunate to have sufficient strength and depth to deal with this unexpected event and we have an excellent successor in Liz. She joined the Board in 2010, shortly before the flotation, and has served since then as our Senior Independent Director and Chairman of the Audit Committee. Over these past four years, the Board and the entire Executive team have benefited from her wealth of experience, insight and understanding of Jupiter's unique culture and business. Her major contribution to the leadership and governance of the Board made her a natural choice for the role. On behalf of the whole Company I am delighted that she has chosen to accept it."

-Ends-

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Notes to Editors

Liz Airey was appointed Non-executive Senior Independent Director of Jupiter Fund Management plc in May 2010, and since then has served as a member of the Audit, Nomination and Remuneration Committees. She is currently a Non-executive director and Chairman of the Audit Committee of FTSE 250 company Tate & Lyle PLC. In 2005 she was appointed Non-executive director of Dunedin Enterprise Investment Trust PLC, and subsequently was appointed as Senior Independent Director and Chairman of the Audit Committee. Liz is also a member of the Corporate Governance Committee of the ICAEW and carries out mentoring work for Bird & Co Group.

Former director roles include Chairman of the Unilever UK Pension Fund (2008-2014), Non-executive Chairman of FTSE 250 company JP Morgan European Smaller Companies Trust PLC (2006-2011) and Non-executive Chairman of formerly listed Zetex plc (2003-2007), a manufacturer of specialist semi-conductors. In 1999 she was appointed a Non-executive director of FTSE 100 company AMEC plc, and served as a Senior Independent Director 2004-2009 and Chairman of the main pension funds of the company from 2000-2006.

Liz was formerly Finance Director of Monument Oil and Gas plc, a post she held until the sale of the company to Lasmo plc in 1999. She also acted as Finance Director of Nimex Resources Limited for 8 years (1988-1996).

Liz began her career in banking, working at S.G. Warburg & Co. Ltd for five years after graduating from Cambridge, before moving to County NatWest Limited.