Premier Miton Regulatory News (PMI)

(a) Full name of discloser:

PREMIER MITON GROUP PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

PREMIER MITON GROUP PLC

(d) Is the discloser the offeror or the offeree?

OFFEROR

(e) Date position held:

The latest practicable date prior to the disclosure

06/12/2021

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

YES

River & Mercantile Group plc

Class of relevant security:

Ordinary Shares of 0.02p each

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

Nil

Nil

Nil

(2) Cash-settled derivatives:

Nil

Nil

Nil

Nil

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

Nil

Nil

Nil

TOTAL:

Nil

Nil

Nil

Nil

Class of relevant security in relation to which subscription right exists:

None

Details, including nature of the rights concerned and relevant percentages:

N/A

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

1. Interests held by directors of Premier Miton Group plc and their close relatives and related trusts in the ordinary shares of 0.02p each in the capital of the Offeror ("Ordinary Shares")

* SIP: Shares purchased and matched 1:1 in accordance with the Premier Miton Group plc Share Incentive Plan 2020, an HMRC approved plan. 6,079 of Mike O'Shea's shares are held within this plan. The plan provides for partnership, matching and dividend shares. Matching and dividend shares are subject to forfeit if the partnership shares are withdrawn during the three year holding period, in accordance with the rules of the plan.

** SIPx2: Shares purchased and matched 1:1 in accordance with (i) the Miton Group plc Share incentive Plan 2014 (in run-off); and (ii) the Premier Miton Group All-Employee Share Incentive Plan 2020 (on-going), both HMRC approved plans. 23,629 of Piers Harrison's shares are held within these plans. Both plans provide for partnership, matching and dividend shares. Matching and dividend shares are subject to forfeit if the partnership shares are withdrawn during the three year holding period, in accordance with the rules of the plans.

2. Awards held by Piers Harrison (in the form of Ordinary Shares)

1. MEI: Management Equity Incentive is a joint share option award originating from the legacy Miton business

2. CSA: Contingent Share Award is a nil cost contingent share award originating from the legacy Miton business

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

07/12/2021

Amruta Patel

0203 714 1478