Q3 Interim Management Statement

25 July 2013 Daily Mail and General Trust plc (`DMGT') Interim Management Statement This Interim Management Statement (`IMS') covers the third quarter of DMGT'sfinancial year to 30 June 2013. It describes the Group's financial positionand performance during the period, updated to the latest practicable date. Encouraging third quarter performance; outlook for the yearunchanged: - Revenue for the third quarter of £448 million, underlying# growthof 3% on last year - Continued good underlying# growth of 5% from our B2B businesses - dmg media's underlying# revenue in line with last year - Net debt increased by £30 million to £754 million, in line withour expectations, due to further B2B bolt-on acquisitions - Outlook for the year unchanged Revenue Growth v Prior Year Q3 Year to date (3 months to end June 2013) (9 months to end June 2013) Reported Underlying# Reported Underlying# Group revenue+ -11% +3% -8% +2%B2B +3% +5% +5% +6%RMS +9% +6% +6% +5%dmg information +20% +13% +16% +12%dmg events -41% +6% 0% +11%Euromoney +2% 0% 0% +1%dmg media -6% 0% -6% -1% Business to Business (B2B) - Risk Management Solutions (RMS): reported revenues were £44million, with underlying growth of 6%; encouraging progress with thedevelopment of the new software platform, RMS(one), scheduled for launch inApril 2014. - dmg information: revenues grew strongly to £77 million withunderlying growth of 13%. Hobsons (our education business), Genscape (ourenergy business) and Landmark, EDR and Buildfax (our Property businesses) alldelivered double digit underlying growth. - dmg events performed as expected, with good underlying growth inthe quarter. Reported revenues decreased to £17 million, due to the absence ofthe biennial Global Petroleum Show which took place last year, in June 2012. - A solid performance from Euromoney Institutional Investor, withreported revenues of £113 million. Euromoney released its IMS earlier today. Consumer Revenue Growth v Prior Year Reported Underlying# Q1 Q2 Q3 YTD Q1 Q2 Q3 YTDdmg media -7% -6% -6% -6% -2% -1% 0% -1%Advertising -4% -4% -5% -4% +2% +2% +2% +2%Circulation -6% -7% -5% -6% -6% -5% -3% -5% - dmg media: reported revenues were £196 million, with underlying#revenues in line with last year. Underlying circulation revenues were down 3%for the quarter as the benefit of February's weekday cover price increase wasoffset by lower sales volumes, albeit the Daily Mail achieved record marketshare of 22.2% in June*. Total underlying# advertising revenues were up 2% in the quarter,with newspapers down 7%, newspaper companion websites (mainly MailOnline) up41%, and other digital advertising up 18%, with a particularly strongperformance from Wowcher, which now has a database of 3.0 million subscribers.MailOnline's monthly unique browsers in June stood at 121 million, up 29% onlast year. Average daily unique browsers were 8.2 million, an increase of 38%on last year, reflecting higher levels of engagement with the site. For the three weeks since 30 June 2013, total underlying# advertising revenuesare 3% down on last year. Net debt / financing Net debt at 30 June 2013 was £754 million, up from £724 million at31 March 2013. There were acquisition payments of £17 million in the period,interest payments of £32 million and £34 million was spent on the share buyback programme. The amount spent on the share buy back programme to date is£69 million. Active portfolio management has continued throughout the year withacquisitions during the nine months to June totalling £89 million anddisposals totalling £95 million. Acquisitions have included InsiderPublishing, TTI Vanguard, First Search, Euromoney shares, the Centre forInvestor Education and Vessel Tracker, with the latter two being acquiredduring the third quarter of the year. Impact of IAS19 (revised) A revision to International Accounting Standard 19 - EmployeeBenefits [IAS19 (R)] will first apply to DMGT in its financial year ending 30September 2014. This will not impact the cash flows of DMGT but will changethe methodology for calculating the finance element of the net chargeassociated with DMGT's defined benefit pension scheme. DMGT intends to excludethe pension finance income or expense from adjusted earnings as thecalculation under the new standard will not necessarily reflect the underlyingeconomics associated with the relevant pension assets and liabilities. IfIAS19 (R) were to be applied retrospectively to the current financial year,the estimated exceptional finance expense would be £13 million, rather thanthe finance income of £14 million that DMGT expects to report this year. For further information For analyst and institutional enquiries:Stephen Daintith, Finance Director +44 20 3615 2902Adam Webster, Head of Management Informationand Investor Relations +44 20 3615 2903 For media enquiries:Charlie Potter / Simone Selzer, Brunswick Group +44 20 7404 5959 Conference call A conference call will be held with City analysts at 8.00 am on 25July 2013. The dial-in number is +44 (0) 1452 555 566; conference code:19663324. A replay of the call will be available on DMGT's website atwww.dmgt.com. Next trading update The Group's next scheduled announcement of financial informationwill be a pre-close trading update, provisionally scheduled for 25 September2013. The Group will be holding an Investor Briefing on 5 September 2013,focusing on the B2B companies, including RMS, dmg information and dmg events. About DMGT DMGT is an international business built on entrepreneurship and innovation. Webring together leading companies and talented people to provide businesses andconsumers with high-quality analysis & insight, information, news andentertainment. Notes + Northcliffe Media, which was disposed of at the end of December2012, is included in Group reported revenues up to the date of its sale.Excluding Northcliffe Media, year to date reported revenues were in line withlast year and reported revenues for the third quarter to June were down 1% onlast year. #Underlying revenue is revenue on a like for like basis, adjustedfor constant exchange rates, disposals, closures, non-annual events occurringin the current and prior year and, with the exception of Euromoney,acquisitions. For dmg events, the comparisons are between events held in theyear and the same events held the previous time, and exclude Evanta. ForEuromoney, underlying revenue excludes biennial events that did not occur thisyear. For dmg media, underlying comparisons exclude low margin contractprinting revenue, the effects of the sale of Teletext Holidays andmotors.co.uk last year, the disposal of the central and eastern Europeanbusinesses this year, and the merger of the Digital Property Group and Zooplaat the end of May 2012, and include the organic growth from Jobrapido.Northcliffe Media is excluded from the DMGT Group underlying comparisons. *Daily Mail 22.2%, a record level, compared to 21.5% last year andThe Mail on Sunday 20.9% compared to 20.4% last year. Circulation market sharefigures are calculated using ABC's June 2012 and June 2013 National NewspapersReports. DMGT's weighted average number of shares in issue, after deductingshares held in Treasury, for the nine months to June 2013 was 379.0 million(full year 2012: 382.8 million). The total number of shares in issue, afterdeducting shares held in Treasury, as at 30 June 2012, was 373.1 million. This IMS is prepared for and addressed only to the Group'sshareholders as a whole and to no other person. The Group, its Directors,employees, agents or advisers do not accept or assume responsibility to anyother person to whom this IMS is shown or into whose hands it may come and anysuch responsibility or liability is expressly disclaimed. Statements containedin this IMS are based on the knowledge and information available to theGroup's Directors at the date it was prepared and therefore the facts statedand views expressed may change after that date. By their nature, thestatements concerning the risks and uncertainties facing the Group in this IMSinvolve uncertainty since future events and circumstances can cause resultsand developments to differ materially from those anticipated. To the extentthat this IMS contains any statement dealing with any time after the date ofits preparation such statement is merely predictive and speculative as itrelates to events and circumstances which are yet to occur. The Groupundertakes no obligation to update these forward-looking statements. No statement in this document is intended as a profit forecast or aprofit estimate and no statement in this document should be interpreted tomean that earnings per DMGT share for the current or future financial yearswould necessarily match or exceed the historical published earnings per DMGTshare. This document does not constitute or form part of any offer orinvitation to sell or issue, or any solicitation of any offer to purchase orsubscribe for any securities. The making of this document does not constitutea recommendation regarding any securities. Daily Mail and General Trust plcNorthcliffe House, 2 Derry Street,London, W8 5TT www.dmgt.com

Registered in England and Wales No. 184594