Fund Manager Appointment

24 October 2016

Miton Group plc ('the Company' or 'Group')

FUND MANAGER APPOINTMENT

Jim Wright appointed to manage new fund

Miton Group plc, the AIM quoted fund management group, today announces the appointment of Jim Wright to its investment team, as Fund Manager. Subject to the appropriate FCA approvals, Miton intends to launch a new fund specialising in global equity infrastructure during the second quarter 2017 as part of the Group's strategy to broaden its fund range.

Jim joins from the British Steel Pension Fund where he has a strong and proven track record of sustained performance.

Jim Wright commented:

"I am excited to be joining Miton at this stage of the Group's evolution and look forward to launching the new fund investing in global infrastructure."

Ian Dighé, Chairman of Miton Group, commented:

"We are delighted that Jim is joining the Group as part of our continued strategy to deliver differentiated funds that are tailored to our clients' requirements. He brings with him extensive experience and proven performance investing in global infrastructure. We look forward to welcoming him in early 2017."

ASSETS UNDER MANAGEMENT ('AuM')

As at 14 October 2016 the Group's AuM was £2,829m (30 June 2016: £2,542m). The Group continues to be well financed with £19.1m of cash on its balance sheet as at 30 September 2016 (30 June 2016: £17.4m).

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For further information, please contact:

Miton Group plc 020 3714 1500

Ian Dighé (Chairman)

Gervais Williams (Managing Director)

Peel Hunt (Nominated adviser and Broker) 020 7418 8893

Guy Wiehahn / Rishi Shah

www.mitongroup.com

Notes to Editors:

About Miton Group plc

Miton Group plc (referred to as the 'Company' or 'Group'), is an equity and multi-asset fund management group. As at 14 October 2016 the Group managed £2,829 million of assets including eight OEICs, two unit trusts and four investment trusts under the Miton brand.

Jim Wright

Jim has 19 years' investment experience and currently manages the Global Duration Equity Portfolio for the British Steel Pension Fund. He has managed this Portfolio since its inception in October 2006, having joined the Fund in 2003 as a UK Equity Manager. Prior to this he worked as Investment Manager, UK and European Equities at Global Asset Management (GAM) from January 2002 to August 2003. Jim started his career at Arthur Andersen & Co. Chartered Accountants and has also worked at Hill Samuel Asset management, Lehman Brothers and M&G investments.