Fund manager appointment

News release

19 May 2016

MITON GROUP PLC

FUND MANAGER APPOINTMENT

ANDREW JACKSON APPOINTED

TO MANAGE CF MITON UK VALUE OPPORTUNITIES FUND

Miton Group plc ("Miton") today announces the appointment of Andrew Jackson as fund manager for the CF Miton UK Value Opportunities Fund.

Andrew will join Miton on Monday 27th June 2016 having previously worked at Ecclesiastical Investment Management (now EdenTree Investment Management) from November 2003 until his departure in July 2015. During this period Andrew managed the top quartile Ecclesiastical (now EdenTree) UK Equity Growth Fund, returning 263.7% compared to 153.3% for the sector average and 151.5% for the FTSE All Share Index. Andrew was a Citywire AAA-rated manager from December 2012 until his departure from Ecclesiastical in July 2015 (32 consecutive months).

Commenting on the appointment Gervais Williams, Miton's Managing Director, said:

 "Andrew has all of the strengths for the role, including a record of impressive returns over an extended period. He is very well suited to taking a leadership role on the CF Miton UK Value Opportunities Fund, given the fund already has a history of delivering attractive returns, with stock weightings that are largely independent of the mainstream indices. At Miton we have a history of recruiting fund managers who can excel within our genuinely active investing culture."

Andrew Jackson said: "I am delighted to be joining Miton and excited by this opportunity. I am looking forward to taking on the management of the fund."

For further information, please contact:

Miton Group plc 020 3714 1500

Ian Dighé (Executive Chairman)

Gervais Williams (Managing Director)

Piers Harrison (Chief Operating Officer)

MHP Communications

Reg Hoare / Simon Hockridge / Charlie Barker 020 3128 8100

Peel Hunt (Nominated Adviser and Broker) 020 7418 8893

Guy Wiehahn / Rishi Shah

- ENDS-

Notes to editors:

Andrew joined Ecclesiastical Investment Management as a fund manager in November 2003 and was manager of the Ecclesiastical UK Equity Growth Fund until July 2015. During his career he has been responsible for UK and Irish equity investments at Canada Life, managed the specialist UK Small Cap Funds for Lloyds Investment Managers (later Hill Samuel Asset Management) and helped to set up the Smaller Companies Desk at SG Asset Management.

· Andrew was a Citywire AAA-rated manager from December 2012 until his departure from Ecclesiastical in July 2015 (32 consecutive months)

· Andrew was awarded Investment Week UK Equity Growth Manager of the Year in 2014

· Under Andrew's management, the Ecclesiastical (now EdenTree) UK Equity Growth Fund was named Morningstar Flex-Cap Fund for 2013 and Money Observer UK Equity Growth Fund of the Year 2014

· From November 2003 to July 2015, he managed the top quartile performing Ecclesiastical (now EdenTree) UK Equity Growth Fund, returning 263.7% compared to 153.3% for the sector average and 151.5% for the FTSE All Share Index

Track record

Source: FE Analytics. Data run from 03.11.2003 to 03.07.2015. Sterling Class B shares, net income reinvested, mid to mid basis. Indices are on a total return basis GBP bid to bid unless otherwise stated.

Source: FE Analytics. Data run from 03.11.2003 to 03.07.2015. Sterling Class B shares, net income reinvested, mid to mid basis. Indices are on a total return basis GBP bid to bid unless otherwise stated. Ratios basis is weekly data benchmarked against the FTS All Share Index.