Henderson Group - Launch of TH Real Estate

Transactions complete: launch of TIAA Henderson Real Estate

1 April 2014

Henderson Group plc ("Henderson") confirms that the transactions announced on 24 June 2013 with Teachers Insurance and Annuity Association - College Retirement Equities Fund ("TIAA-CREF") completed on schedule today.

These transactions create a leading real estate venture, TIAA Henderson Real Estate ("TH Real Estate"). Henderson's European and Asia-Pacific based real estate businesses have transferred to TH Real Estate, together with TIAA-CREF's European and Asia-Pacific based real estate business. In a simultaneous transaction, Henderson completed the sale of its North America property business to TIAA-CREF.

The management and operation of the Henderson UK Property Unit Trust remains with Henderson, with TH Real Estate in the role of sub advisor.

Further details of today's launch of TH Real Estate are described here.

http://www.rns-pdf.londonstockexchange.com/rns/7116D_-2014-4-1.pdf

Andrew Formica, Chief Executive of Henderson, said: "These transactions support Henderson's strategy to focus on growth in five core areas - European equities, global equities, global fixed income, multi-asset and alternatives - as we expand our global footprint.

"We have long recognised that our property business would benefit from greater scale and access to capital to accelerate its future growth. By partnering with TIAA-CREF to form TH Real Estate, we have created a business capable of fulfilling investor demand for co-investment, delivering client service on a global scale and generating superior investment performance.

"We wish our colleagues at TH Real Estate all the best for their future and, as a major shareholder and supporter of their business, look forward to their continued success."

Financial implications for Henderson of the transactions

· Henderson received cash proceeds of £114.2 million from these transactions (c. £100 million after deal and separation costs)

· Henderson now owns 40% of TH Real Estate and will report its share of profits as income from joint ventures

· Henderson will report its assets under management (AUM) inclusive of its 40% share of TH Real Estate AUM. As at 31 December 2013, Henderson's total pro forma AUM was £68.5bn.

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About Henderson

Henderson is an independent global asset manager, specialising in active investment. Named after its first client and founded in 1934, Henderson is a client-focused global business with 800 employees worldwide and assets under management of £68.5 billion (pro forma 31 December 2013). Its core areas of investment expertise are European equities, global equities, global fixed income, multi-asset and alternatives.

Henderson is dual listed on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) and has a market capitalisation of £2.9 billion (March 2014).

Further information can be found at www.henderson.com.

Forward-looking statements and other important information

This announcement contains forward-looking statements with respect to the financial condition, results and business of Henderson Group plc. 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'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.

The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement. Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.