Q4 AuM update and Notice of results

Premier Miton Group plc

(‘Premier Miton’, ‘Group’ or the ‘Company’)

Q4 AuM update

and

Notice of results

Improving investment performance, lower redemptions and resilient gross sales; further cost savings identified

Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited Assets under Management (‘AuM’) as at 30 September 2026, covering the fourth quarter of its financial year (the ‘Quarter’ or ‘Period’).

Mike O'Shea, Chief Executive Officer, commented:

“Assets under Management ended the quarter at £8.1 billion, with net outflows of £428 million. This has undoubtedly been a difficult year for the Group. A period of weaker investment performance across several of our larger strategies has resulted in substantial outflows and put pressure on both AuM and profitability.

“We have responded by taking significant steps to simplify the business, reduce our cost base and increase our focus on those investment capabilities where we believe we can deliver attractive long-term investment outcomes for our clients. Following a review over the summer, we have identified a further £1.5 million of annualised cost savings which are expected to be delivered over the next 12 months with an estimated one-off cost of £0.3 million. This will ensure that our operating model is appropriate for the current size of the business while retaining the ability to scale efficiently over time.

“Despite the difficult backdrop, there are encouraging signs of greater stability across several of our investment strategies. Investment performance has improved with 74% of our AuM performing above median4 year to date, 71% over one year and 68% over three years. Following the elevated outflows in July and August, net outflows reduced significantly in September as redemption levels materially reduced across several strategies, while fixed income and macro thematic multi-asset funds continued to see good demand.

“While it remains too early to conclude that these trends will be sustained, improving investment performance, lower redemption levels and continued inflows into several of our strategies provide some evidence that the significant headwinds experienced over the past year are beginning to ease.

“Our UK equity strategies have performed strongly in the short term, improving their medium-term performance record. We have a strong team of experienced fund managers and believe we are well positioned both to retain existing assets and to benefit when investor demand for UK equities improves.

“There are, however, areas where further progress is required. We continue to focus on improving shorter-term performance across our diversified multi-asset strategies. Absolute return has also experienced a challenging period for performance, reflecting a difficult backdrop for long-short strategies. More recent investment performance has been stable, and we retain confidence in the team and its ability to deliver the investment outcomes required to support greater stability in assets.

“The changes made to our US strategy have contributed to greater stability in AuM and improved shorter-term performance, while the significant improvement in relative performance from our European equity team is encouraging. Redemption rates from these strategies reduced by 80% and 40% respectively in the final quarter compared with earlier quarters in the financial year.

“Taken together these developments provide a more encouraging backdrop as we enter the new financial year. Our distribution team continues to perform well with gross sales of over £2.7 billion for the seventh consecutive year. This demonstrates continued demand across our product range, although elevated redemptions have more than offset these sales during the year. If the recent improvement in investment performance is sustained and redemption levels continue to moderate, we believe there is a clear opportunity to stabilise net flows and, over time, return the business to growth.

“There is clearly more work to do, and sustained investment performance will be required to achieve a more stable flow environment. However, we enter the new financial year with a leaner and more focussed business, improving investment performance in key capabilities and identifiable areas for organic growth, both in our home market and internationally.

“At the same time, we continue to evaluate strategic opportunities that have the potential to enhance shareholder value. We have a strong investment culture and a well-respected distribution capability that can make us an attractive home for talented investment teams. Our strong balance sheet and position as a listed business provide us with strategic and financial flexibility to pursue inorganic opportunities that can add scale, enhance our investment capabilities and broaden our access to attractive client segments.

“Our priorities remain clear: delivering strong investment outcomes for our clients, stabilising AuM and maintaining an efficient and effective operating platform. We believe that continued progress in these areas will improve profitability and deliver long-term value for shareholders.”

Assets under Management:

On 30 September 2026, our AuM stood at £8.1 billion.

A reconciliation of AuM and flows over the Quarter is below:

A reconciliation of AuM and flows over the year to 30 September 2026 is below:

1  Comprising 40 open-ended funds and four external segregated mandates

2 AuM and net flows are presented after the removal of AuM invested in other funds managed by the Group. At the Period end these totalled £261 million

Improving investment performance across key strategies

During the financial year to 30 September 2026, investment performance has improved across several of the Group's key strategies.

As at 30 September 2026, 21 funds were ranked in the first or second quartile within their respective sectors year to date, including 11 first-quartile funds. The table below provides a summary of quartile rankings across the Group's UK domiciled fund range.

The quartile performance rankings are based on Investment Association sector classifications where applicable, with data sourced from FE Analytics FinXL using the primary share class, based on a total return, UK Sterling, mid-to-mid basis for OEIC funds and a bid-to-bid for unit trusts. All data is as at 30 September 2026.

3 The Premier Miton Global Sustainable Growth Fund changed its name to Premier Miton Global Leaders Fund on 6 July 2026

4 The UK domiciled quartile performance rankings are based on Investment Association sector classifications where applicable, with data sourced from FE Analytics FinXL using the primary share class, based on a total return, UK Sterling, mid-to-mid basis for OEIC funds and a bid-to-bid for unit trusts. All data is as at 30 September 2026. Year to date is measured from 1 January 2026

Notice of results

Premier Miton will issue its results for the financial year ending 30 September 2026 on 3 December 2026.

ENDS

For further information, please contact:

Notes to editors:

Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include equity, fixed income, multi-asset and absolute return.

LEI Number: 213800LK2M4CLJ4H2V85