Premier Miton Regulatory News (PMI)

Premier Miton Group plc

('Premier Miton' or the 'Company')

Q1 AuM update

Premier Miton Group plc (AIM: PMI) today announces a quarterly update of its unaudited statement of Assets under Management ('AuM') for the three months to 31 December 2019 (the 'Period').

Highlights

·; Merger of Premier Asset Management Group plc and Miton Group plc to create Premier Miton Group plc completed on 14 November 2019

·; Combined AuM of £11.2 billion at 14 November 2019

·; Closing AuM of £11.6 billion at 31 December 2019 (31 December 2018: £6.4 billion)

·; Net outflows of £222 million in the Period (3 months to 31 December 2018: £65 million net inflows)

Assets under Management

1 Merger of Premier Asset Management Group plc and Miton Group plc on 14 November 2019

2 Includes the former Miton Group plc fund range with effect from close of business on 14 November 2019

Mike O'Shea, Chief Executive Officer, commented:

"We are delighted that the merger between Premier Asset Management Group plc and Miton Group plc was completed mid-way through the Period under review. Although it is still early days, progress has been swift in terms of creating the management structure for the new group and the planned synergies are now underway. We will update shareholders following the end of the half year period on progress.

"With UK political uncertainty beginning to lift, we believe that investor confidence will improve in 2020. Against an expected more favourable background, we believe the combination of our broader product range, strong investment performance across different investment strategies, including our equity and multi-asset funds, and our enlarged distribution and marketing capabilities, means we are well placed for future growth."

Dividend policy

The Company has adopted a quarterly dividend policy, expecting to pay three smaller, interim dividends, representing approximately half of the estimated total dividend for the full financial year, followed by a larger, final interim dividend.

The Board of Premier Miton has approved the payment of an interim dividend of 1.75 pence per share for the three-month period ended 31 December 2019. The ex-dividend date will be 30 January 2020 and the associated record date will be 31 January 2020. The payment date will be 28 February 2020.

ENDS

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Notes to editors:

Premier Miton is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity, absolute return and fixed income. The Company had assets under management of £11.6 billion as at 31 December 2019.