Midas Capital plc rebranded MAM Funds plc

News release

16 September 2010

Midas Capital plc rebranded MAM Funds plc

MAM Funds plc, formerly Midas Capital plc, the AIM quoted parent company of Midas Capital Partners and Miton Asset Management, was officially launched yesterday. The company's rebranding coincides with its capital restructure due to be completed by the end of September 2010.

Speaking at the event, Colin Rutherford, executive chairman, MAM Funds plc (MAMF), said: "Our name change and capital restructure opens a fresh chapter for the Group. By more closely aligning the plc's name with its two fund management companies Midas and Miton, the Group's brand mirrors its focus on UK fund management. Under the umbrella brand, MAM Funds, we can improve brand recognition, develop a single sales and marketing strategy and drive operational effectiveness.

"Our aim now is to focus the business on delivering enhanced performance for investors and shareholders. With these changes we are well placed for organic growth and to explore complementary value enhancing fund management opportunities."

MAMF is the parent company of its regulated subsidiaries Midas Capital Partners ltd and Miton Asset Management ltd. The name change represents the culmination of the Group's stated objective to focus on UK asset management following the disposal of its corporate advisory, wealth management and international fund management activities over the past twelve months.

With the approval of the court for the capital restructure, MAMF has been able to transfer £27m to distributable reserves through the cancellation of its non distributable share premium account, capital redemption reserve and deferred shares in issue. £5.4m of sale proceeds will be used to redeem Preference Shares, leaving approximately £7.4m in issue.

Going forward the company's trading brands will be MAM, MAM Funds, Midas Capital Partners ltd and Miton Asset Management ltd and there is a new Group website at www. mamfundsplc.com

Ends

Notes to editors

MAM Funds Plc (MAMF) is a leading multi-asset fund management specialist incorporating, Midas Capital Partners and Miton Asset Management fund brands. Both companies are wholly owned subsidiaries of MAMF.

Founded in 2001, MAMF represents the combined talents and experience of Midas Capital Partners and Miton Asset Management creating a new and inspired approach to fund management which is driven by global asset allocation. The Group's fund management teams have a wealth of experience and have won numerous industry awards for their innovative investment processes and performance.

In 2004 MAMF was permitted to join the Alternative Investment Market. Members of the fund management team invest in their own funds and are significant shareholders in the Group. MAMF has offices in London, Liverpool, Reading and Exeter.

MAMF has a total of £1.57bn of assets under management as at 31/08/2010.

For further information please contact:

Colin Rutherford, executive chairman, Midas Capital 07768 053 054

Antonio Bossi or James Steel, Director, Arbuthnot Securities 020 7012 2000

Roland Cross/ Nicolle Farthing, Broadgate Mainland 020 7726 6111