Directorate Change

MAM Funds plc

("MAM" or the "Company" )

Directorate Change

As previously announced, MAM Funds plc, the AIM quoted fund management group announces that Gervais Williams has joined the board of the Company.

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Further information on MAM can be found at: www.mamfundsplc.com

For further information, please contact:

Ian Dighé, Chairman, MAM Funds 07785 703261

Roland Cross, Director, Broadgate Mainland 07831 401309

James Steel, Managing Director, Arbuthnot Securities 020 7012 2100

Antonio Bossi, Director, Arbuthnot Securities 020 7012 2116

Rule 17 and Schedule Two, paragraph (g) of the AIM Rules disclosures:

Mr Williams, who is 52, does not hold, nor has held within the last five years, any company directorships.

Mr Williams holds 8,787,879 Ordinary Shares representing approximately 6.6 per cent. of the share capital of the Company.

Save for the information disclosed above there is no other information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.