Notice of AGM

30 September 2014

River and Mercantile Group PLC

Notice of Annual General Meeting

Annual Report and Accounts

For the six months ended 30 June 2014

River and Mercantile Group PLC ('R&M' or 'the Group'), the advisory and investment management business, today published the notice of the 2014 Annual General Meeting and the Annual Report and Accounts for the six months ended 30 June 2014.

The Annual General Meeting will be held at 10.30 am on 23 October 2014 at the Charing Cross Hotel, Strand, London WC2N 5HX.

The previous unaudited financial information has been updated for immaterial adjustments and reclassifications and the information is now presented as audited financial information.

Audited Highlights from the Annual Report and Accounts:

· Aggregated Mandated AUM/NUM was £18.1 billion at 30 June 2014, (including AUM of £2.5 billion from RAMAM) an increase of 29% over 31 December 2013.

· Statutory net loss before tax was £73,000, after charging £4.6 million of expenses arising from the IPO in June 2014 and £1.1 million of intangible amortisation (CY 2013: £7.8 million profit).

· Statutory net loss after tax, before discontinued operations was £1.2 million, after charging £4.6 million of expenses arising from the IPO and £1.1 million of intangible amortisation (CY 2013 £6.0 million profit).

· Statutory Earnings Per Share, before discontinued operations was a loss of 2.22 pence per share for the 6 months ended 30 June 2014 compared to a profit of 17.01 pence per share for CY 2013.

· Adjusted net profit after taxes (see footnote 1) was £4.3 million for the six months ended 30 June 2014, compared to £6.0 million for CY 2013.

· Adjusted diluted EPS was 7.39 pence per share for the six months end June 2014, compared with 17.05 pence for CY 2013.

· The Board of Directors is proposing to shareholders a final dividend of 2.3 pence per share, representing at 60% of the "Adjusted Profits after tax" (see footnote 2) for the 3 month period ending 30 June 2014. This includes a special dividend of 1.0 pence per share in respect of the net performance fees in that period. The dividend will be paid on 7 November 2014 to shareholders registered at the close of business on 10 October 2014.

The following shows the effect of adjustments and reclassifications on key financial measures between the audited and unaudited results. These adjustments are not considered material in the context of the previously released unaudited financial information.

Statutory loss before tax: £73,000, compared to unaudited statutory profit of £11,000.

Statutory loss after tax: £1.2 million compared to unaudited statutory loss of £1.4 million.

Statutory diluted loss per share 2.22 pence compared to unaudited statutory diluted loss per share 2.44.

Adjusted net profit before and after tax: £5.6 million and £4.3 million, compared to unaudited £5.7 million and £4.5 million, respectively.

Adjusted diluted EPS is 7.39 pence compared to unaudited 7.69 pence per share.

Footnote 1

Adjusted net profit after tax represents net profit after tax, before discontinued operations, adjusted to add back the amortisation of intangible assets and expenses arising from the IPO and reorganisation, net of taxes.

Footnote 2

As described in the listing prospectus, the dividend for the period ended 30 June 2014 is based on the Adjusted Profits after tax calculated as the net profit after tax for the 3 months ended 30 June 2014, adjusted to add back the amortisation of intangible assets and the expenses arising from the IPO.

About River and Mercantile Group PLC.

River and Mercantile Group (R&M) is an advisory and investment management business, managing £18bn of client assets at 30 June 2014. The business operates through four divisions: Advisory; Fiduciary Management; Derivative Solutions and Equity Solutions.

R&M listed on the main market of the London Stock Exchange in June 2014 under the symbol 'RIV'.

Enquiries:

Kevin Hayes

Chief Financial Officer

Elizabeth Weston

Company Secretary

+44 (0)20 3327 5100