Henderson Group - Update on PFI Fund II

Update on PFI Fund II

16 November 2012

As previously announced, Henderson Equity Partners (GP) Limited and Henderson Equity Partners Limited, subsidiaries of Henderson Group plc ('Henderson Group'), and Henderson PFI Secondary Fund II L.P. ('Fund II'), were served with legal proceedings by a majority of investors in Fund II in December 2011. The proceedings principally allege breach of mandate and misrepresentation. A Court hearing, held during the week of the 5th of November, dealt with preliminary matters and certain issues in relation to the allegations of breach of mandate. Judgment has now been handed down and the Court has found in favour of both Henderson Equity Partners (GP) Limited and Henderson Equity Partners Limited in respect of all of the issues considered by the Court at that hearing in relation to the allegations of breach of mandate.Henderson Group does not know at this stage whether the investors in Fund II will appeal the judgment.

Henderson Group plc

47 Esplanade

St Helier

Jersey JE1 0BD

Registered in Jersey

No. 101484

ABN 67 133 992 766