Jupiter Fund Management Regulatory News (JUP)

16 January 2013

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading update in respect of the three months to 31 December 2012.

HIGHLIGHTS

§ Assets under management ("AUM") increased to £26.3 billion in the three months to 31 December 2012.

§ Net mutual fund inflows of £490 million in the three months to 31 December 2012.

§ Cumulative net mutual fund inflows of £1.6 billion in the year to 31 December 2012.

Edward Bonham Carter, Chief Executive, commented:

"Jupiter achieved another good quarter, driven by continued positive momentum from our mutual fund franchise. This supported overall net inflows of over £680 million and led to AUM increasing to £26.3 billion at the year end."

ASSETS UNDER MANAGEMENT AND FLOWS

Although industry conditions remain challenging, investor sentiment appears to have improved towards the end of the year. Against this backdrop, Jupiter delivered net mutual fund flows of £490 million during the fourth quarter, helped by our strong investment performance, recognised brand and international distribution reach. Inflows continued into funds positioned towards the cautious end of the risk spectrum, such as Merlin Income and Strategic Bond, and we also experienced inflows into top-performing equity funds, such as UK Special Situations and the European Growth SICAV. These flows, together with improved market levels, led to mutual funds AUM increasing to £20.6 billion at 31 December 2012.

Overall net inflows for the quarter were £688 million, assisted by flows from two segregated mandate clients. Driven by mutual funds, cumulative overall net inflows totalled £966 million for the full year of 2012, up from a cumulative net total of £278 million for the nine months to September 2012.

OUTLOOK

While we have seen strong mutual funds flows in the second half of 2012, we remain cautious on the short-term outlook due to continued market uncertainties. The long-term growth prospects for the savings market remain promising and we will continue to focus on delivering outperformance for our clients and investing in our distribution capabilities.

NOTICE OF RESULTS

Jupiter will be issuing its audited results for the year ended 31 December 2012 on 28 February 2013 and will host an analyst presentation to discuss the results at 8.45am. The presentation will be held at FTI Consulting, Holborn Gate, 26 Southampton Buildings, London, WC2A 1PB. For further details of announcement dates during 2013, please see http://www.jupiteronline.com/Jupiter-Fund-Management-plc/Shareholder-info/Financial-calendar.

Forward-looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of the Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. Jupiter's actual results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.

1 As previously notified, hedge funds are now included within segregated mandates product category