Jupiter Fund Management Regulatory News (JUP)

11 January 2018

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading update in respect of the three months to 31 December 2017.

HIGHLIGHTS

§ Net inflows in the quarter of £0.6bn, resulting in a total £5.5bn of net inflows in the year to 31 December 2017 (2016: £1.0bn)

§ AUM at 31 December 2017 increased 24% in the year to £50.2bn (31 December 2016: £40.5bn)

Maarten Slendebroek, Chief Executive, commented:

"This year has been one of consistent progress at Jupiter. Continued strong investment performance has enabled us to deliver positive returns after fees for clients. The successful continuation of our strategy of diversification produced total net inflows for the year of £5.5bn, including £5.1bn of net flows into our mutual funds across a range of investment strategies. These positive flows, which are underpinned by our ability to deliver investment outperformance, have helped drive a 24% increase in AUM over the year to £50.2bn at 31 December 2017."

ASSETS UNDER MANAGEMENT AND FLOWS

Total AUM increased during the quarter as a result of positive inflows and investment returns in our mutual fund and segregated mandate channels.

Net mutual fund inflows were £0.5bn during the fourth quarter, with inflows into our Absolute Return, Fixed Income and Multi Asset strategies partially offset by outflows in our Fund of Funds strategy. The segregated mandate channel also saw meaningful inflows during the quarter. Geographically, net inflows continued across all regions, with Continental Europe the highest contributor.

Following new fund launches in March (Global Emerging Markets Corporate Bond Fund), May (Emerging & Frontier Income Trust) and September (Global Emerging Markets Short Duration Bond Fund), the Global Levered Absolute Return Fund was launched in October, further developing our Absolute Return offering and diversifying the client base for this strategy. We also expanded our geographic reach in the quarter, with flows from clients in Thailand and Latin America.

In November the Dividend & Growth Trust was closed, resulting in net outflows from the investment trust channel, however a proportion of the clients chose to transfer into the UK Growth Trust.

SUMMARY & OUTLOOK

The strong flows for 2017, underpinned by the delivery of strong investment outperformance after all fees to investors, affirm the confidence we have in our positioning as a high conviction active asset manager. Our business model and further diversification by client type, product and geographic reach has enabled us to continue growing our asset base throughout the year.

In 2018 we aim to build on the momentum we have seen in 2017 with further business diversification alongside investment in maintaining our operating model, supported by a strong and sustainable balance sheet. This approach provides resilience to our business and leaves us well-placed to deliver positive outcomes for our clients and value for our shareholders.

NOTICE OF RESULTS

Jupiter will be issuing results for the period ended 31 December 2017 on 27 February 2018 and will host an analyst presentation to discuss the results at 9:00am. The presentation will be held at The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.

LEI Number: 5493003DJ1G01IMQ7S28

Forward-looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of the Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. Jupiter's actual results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.