Director/PDMR Shareholding

1.

Name of the issuer

Jupiter Fund Management plc

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

(i)

3.

Name of person discharging managerial responsibilities/director

Maarten Slendebroek

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest1

N/A

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

N/A

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

N/A

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

N/A

16.

Date issuer informed of transaction

N/A

17

Date of grant - 6 September 2012 for all grants

18.

Period during which or date on which exercisable -

i) Commencing on 31 January 2014 and ending

on 31 January 2016

ii) Commencing on 31 January 2015 and ending on 31 January 2017

iii) Commencing on 31 January 2016 and ending

on 31 January 2018

iv) Commencing on 31 January 2017 and ending

on 31 January 2019

v) Commencing on 31 January 2018 and ending on 31 January 2020

19.

Total amount paid (if any) for grant of the option - 0 for all grants

20.

Description of shares or debentures involved (class and number) -

i) Options over 320,649 Ordinary shares of 2p each

ii) Options over 42,554 Ordinary shares of 2p each

iii) Options over 77,424 Ordinary shares of 2p each

iv) Options over 77,423 Ordinary shares of 2p each

v) Options over 77,424 Ordinary shares of 2p each

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise - 2p per ordinary share

22.

Total number of shares or debentures over which options held following notification - options over 595,474 Ordinary shares of 2p each

23.

Additional Information

24.

Name of contact and telephone number for queries:

Faith Pengelly - tel: 0207 314 4915

Name of authorised official of issuer responsible for making notification

Faith Pengelly, Senior Company Secretary

Date of notification 7 September 2012