Issue of Equity

MAM FUNDS PLC ("the Company")

 ADDITIONAL LISTING

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 15,000 ordinary 0.1p shares ("Shares") in the company to an existing employee from whom an application to exercise options has been validly received. The strike price on exercise of the option is 0.1p per Share.

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

Upon Admission, which is expected on 14 November 2011, the Company's enlarged issued share capital will comprise 146,633,308 Shares with voting rights. The figure of 146,633,308 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:

Ian Dighé, Chairman, MAM Funds 07785 703261

James Steel,Director, Arbuthnot Securities 020 7012 2100

Antonio Bossi, Director, Arbuthnot Securities 020 7012 2116

Web: www.mamfundsplc.com