Issue of Equity

MAM FUNDS PLC ("the Company")

 ADDITIONAL LISTING AND TOTAL VOTING RIGHTS

MAM Funds plc ('MMF'), the AIM quoted fund management company, announces that as a result of the exercise of options pursuant to the terms of the Company's Management Incentive Plan, the Company has allotted 175,000 ordinary 0.1p shares ("Shares") in the Company to two individuals from whom valid applications to exercise options have been received. The strike prices on exercise of the options are as follows:

·; 75,000 Shares at 0.1p per Share

·; 100,000 Shares at 10.0p per Share

The new Shares will rank pari passu with the Company's existing issued Shares.

Application has been for the new Shares to be admitted to trading on AIM ("Admission"). Upon Admission, which is expected on 23 December 2011, the Company's enlarged issued share capital will comprise 146,808,308 Shares with voting rights. The figure of 146,808,308 Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Roger Bennett, Company Secretary, MAM Funds 0118 338 4035

James Steel, Director, Arbuthnot Securities 020 7012 2100

Antonio Bossi, Director, Arbuthnot Securities 020 7012 2116

Web: www.mamfundsplc.com