Acquisition of shares by employee benefit trust

12 December 2019

Tatton Asset Management plc

(the "Company")

Acquisition of shares by the employee benefit trust

Further to the announcement on 9 December 2019 in relation to the establishment of the Estera Trust Jersey Tatton employee benefit trust (the "EBT"), the Company was informed that, on 11 December 2019, the EBT acquired an aggregate of 199,500 Ordinary Shares at an average price of 250.0 pence per Ordinary Share.

Following the above transaction, the EBT has an interest in 199,500 Ordinary Shares, representing approximately 0.36 per cent. of the Company's issued Ordinary Share capital.

For further information, please contact:

Tatton Asset Management plc +44 (0) 161 486 3441

Paul Hogarth (Chief Executive Officer)

Paul Edwards (Chief Financial Officer)

Lothar Mentel (Chief Investment Officer)

Nomad and Broker

Zeus Capital +44 (0) 20 3829 5000

Martin Green

Dan Bate

Pippa Hamnett