Interim Management Statement

18 April 2011

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its interim management statement in respect of the three months to 31 March 2011.

HIGHLIGHTS

§ Assets under management (AUM) increased to £24.5 billion in the three months to 31 March 2011.

§ Net inflows of £333 million in the three months to 31 March 2011.

Edward Bonham Carter, Chief Executive, commented:

"Against a backdrop of volatile markets and falling UK consumer disposable income, Jupiter has had a steady start to 2011 with net inflows in the first quarter of £333 million."

ASSETS UNDER MANAGEMENT AND FLOWS

AUM increased 2 per cent. from £24.1 billion as at 31 December 2010 to £24.5 billion as at 31 March 2011.

We achieved net inflows of £333 million across our products during the period, with continued inflows into our mutual funds partially offset by segregated outflows. Mutual funds contributed first quarter net inflows of £397 million, driven by our fund of fund range and continued growth from our international channels, particularly into the Jupiter Global Convertibles and Jupiter Strategic Total Return SICAV products.

During the quarter, segregated mandate net outflows of £71 million primarily resulted from a single client redeeming part of their portfolio. This decision was taken on fund reconstruction rather than performance grounds.

OUTLOOK

The business continues to develop in line with management expectations.

CORPORATE UPDATES

On 18 March, the Group announced its intention to make an £80 million partial repayment of the bank loan facility during 2011. This repayment was made on 31 March 2011.

Forward-looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of the 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. Jupiter's actual 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.