Admission to trading on the London Stock Exchange

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE "UNITED STATES") (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

FOR IMMEDIATE RELEASE

26 June 2014

River and Mercantile Group PLC

Admission to trading on the London Stock Exchange

Further to the publication of the prospectus on 23 June 2014 relating to its initial public offering, River and Mercantile Group PLC (the "Company"), the advisory and investment solutions business, is pleased to announce that its entire issued ordinary share capital, which comprises 82,095,346 ordinary shares of £0.003 each, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "RIV". The ordinary shares of the Company were priced on 23 June 2014 at 183 pence per share.

Enquiries

River and Mercantile Group Limited +44 (0)20 3327 5100

Mike Faulkner

James Barham

Kevin Hayes

Joint Sponsors and Joint Bookrunners:

Canaccord Genuity +44 (0)20 7523 8350

Hugh Elwes

Martin Green

Piers Coombs

Lucy Tilley

Numis +44 (0)20 7260 1000

Charles Farquhar

Andrew Holloway

Andrew Hackney

Media Enquiries:

MHP Communications +44 (0)20 3128 8100

Gay Collins +44 (0)7798 626282

Reg Hoare

Giles Robinson

Ben Griffiths

[email protected]

Important information

Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, into the United States, Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions.

The securities mentioned herein have not been, and will not be, registered under the Securities Act of 1933 (as amended) or with any  regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and will not be offered to the public in the United States. There will be no public offer of the securities referred to herein in the United States, Australia, Canada, Japan or South Africa. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold, directly or indirectly within Australia, Canada, Japan or South Africa or to any national, resident or citizen of Australia, Canada, Japan or South Africa.

This announcement is only addressed to and directed at persons in member states ("Member States") of the European Economic Area who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended (including amendments by Directive 2010/73/EU to the extent implemented in the relevant Member State)) ("Qualified Investors"). In addition, in the United Kingdom this announcement is addressed and directed only at: (i) persons (A) who have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or who fall within Article 49 of the Order, and (B) are "qualified investors" as defined in section 86 of FSMA; and (ii) any other persons to whom it may otherwise be lawfully communicated (together all such persons being referred to as "relevant persons").

Canaccord Genuity and Numis, each of which is authorised and regulated by the Financial Conduct Authority, are acting exclusively for the Company and no one else in connection with the initial public offering of the Company ("IPO"), and will not regard any other person as their client in relation to the IPO and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the IPO or the contents of this announcement or any transaction, arrangement or other matter referred to herein.

None of Canaccord Genuity, Numis nor any of their respective subsidiary undertakings, affiliates or any of their respective partners, directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or as to whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.