Polar Capital Regulatory News (POLR)

13 October 2011

Polar Capital Holdings plc

AUM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist asset management group, today provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM").

Group AUM (unaudited)

As at 30 September 2011 the Group's AUM increased to $3.94bn from the $3.88bn reported at 31 March 2011.

The table below sets out the movements in the Group's AUM over the six month period:

Comment

In spite of the turbulent market conditions we are pleased to report an increase in overall AUM for the six months to the end of September 2011. We are also pleased to report net inflows for the six month period of $633m, with $160m being received in the latest quarter. Given the ongoing uncertainty surrounding the European debt crisis, we remain cautious on the outlook for net inflows over the coming quarters.

Net performance fees (unaudited)

The table below sets out the position relating to net performance fees (after the deduction of staff interests) earned and accrued in the first six months of the Group's financial year. The majority of performance fees from the funds crystallise in the second half of the financial year.

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