Premier Miton Regulatory News (PMI)

Premier Miton Group plc

('Premier Miton', 'Group' or the 'Company')

Q1 AuM update

Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited statement of Assets under Management ('AuM') for the first quarter of its current financial year (the 'Quarter' or 'Period').

· £11.1 billion closing AuM at 31 December 2022 (30 September 2022: £10.6 billion)

· £8 million of net inflows for the Quarter

· Continued strong relative investment performance with 82% 2 of funds in the first or second quartile of their respective sectors since launch or fund manager tenure

Mike O'Shea, Chief Executive Officer, commented:

"The Group's AuM ended the Quarter at £11.1 billion, an increase of 5% on the opening position for the year. We are encouraged by this performance given the challenging landscape for the wider sector.

"The Group experienced positive net flows for the quarter totalling £8 million with inflows into our US equity, fixed income and Diversified funds. These inflows were partially offset by outflows from our European and UK equity open-ended funds.

"Our investment performance remains relatively strong with 82% 2 of funds in the first or second quartile of their respective sectors since launch or fund manager tenure, with both our newer teams and funds and the more established products performing well.

"Despite the on-going challenging economic conditions, our clear proposition of active management and our diversified product range should position the Group well when confidence returns."

Assets under Management:

1 Comprising of 41 open-ended funds, four investment trusts and two external segregated mandates.

2 The quartile performance rankings are based on Investment Association sector classifications where applicable. This covered a total of 33 open-ended funds since manager inception. Data is sourced from FE Analytics FinXL using the main representative post-RDR share class, based on a total return, UK Sterling basis. All data is as at 31 December 2022 and the performance period relates to when the fund launched or the assumed tenure of the fund manager(s).

3 AuM and net flows are presented after the removal of AuM invested in other funds managed by the Group. At the Period end these totalled £233 million.

ENDS

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Notes to editors:

Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include equity, fixed income, multi-asset and absolute return.

LEI Number: 213800LK2M4CLJ4H2V85