Henderson Group - Disposal of Hermes priv eq fund

Disposal of interest in Hermes private equity fund

19 December 2011

As part of the Gartmore transaction, Henderson Group plc ('the Group') acquired Gartmore's interest in Hermes GPE LLP ('Hermes GPE'), a private equity fund of funds joint venture with Hermes Fund Managers Limited (Hermes Fund Managers). At the time of the Gartmore transaction, the Group anticipated that Hermes Fund Managers would exercise its right to purchase the whole of Gartmore's interest in Hermes GPE under a change of control clause. The right to purchase the whole of Gartmore's interest has now been exercised. There is no gain or loss for the Group on disposal of its interest for cash. The Group's reported assets under management will reduce by £1.4 billion as a result.

Henderson Group plc

47 Esplanade

St Helier

Jersey JE1 0BD

Registered in Jersey

No. 101484

ABN 67 133 992 766

Forward-looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of Henderson Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. Henderson Group's actual future results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.