Q3 AuM Update

About this update from Premier Miton Group Plc

Premier Miton Group plc ('Premier Miton', 'Group' or the 'Company') Q3 AuM update   Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited statement of Assets under Management ('AuM') for the third quarter of its current financial year (the 'Quarter' or 'Period').   ·   £10.5 billion closing AuM at 30 June 2023 (31 March 2023: £11.0 billion) ·   £449 million of net outflows for the Quarter ·   Continued strong relative investment performance, with 81% 2 of funds in the first or second quartile of their respective sectors since launch or fund manager tenure   Mike O'Shea, Chief Executive Officer, commented:   " The Group's AuM ended the Quarter at £10.5 billion. We saw outflows from across our fund range as investors retrenched against a backdrop of higher inflation, higher interest rates and ongoing market uncertainty. These outflows were principally driven by asset allocation decisions in the wider market, with investors choosing to reduce exposure to equities. Fixed income was a positive area, we saw inflows of £175 million, although these were to some extent offset by outflows of £70 million from our money market fund. Year to date we have seen over £500 million of net inflow into fixed income. "We continue to focus heavily on building our profile with advisers and wealth managers through our marketing and distribution activity. We believe we have a suite of investment products that will be attractive to investors and their advisers once they return to having a more positive investment outlook." Assets under Management: Opening AuM 1 Oct 2022 £m   Quarter 1 & 2 net flows £m   Quarter 3  net flows £m   Year to date  net flows £m Quarter 1 & 2 Market / investment performance £m Quarter 3 Market / investment performance £m Year to date Market / investment performance £m Closing AuM 30 Jun 2023 1,3 £m   Equity funds 5,631 (360) (458) (818) 366 4 370 5,183 Multi-asset funds 3,263 (69) (62) (131) 80 (32) 48 3,180 Fixed income funds 750 380 (13) 367 (2) (3) (5) 1,112 Investment trusts 519 (2) (34) (36) (4) (24) (28) 455 Segregated mandates 402 19 118 137 22 (11) 11 550   Total 10,565 (32) (449) (481) 462 (66) 396 10,480                     1 Comprising of 41 open-ended funds, four investment trusts and two external segregated mandates. 2 The quartile performance rankings are based on Investment Association sector classifications where applicable. This covered a total of 32 open-ended funds since manager inception. Data is sourced from FE Analytics FinXL using the main representative post-RDR share class, based on a total return, UK Sterling basis. All data is as at 30 June 2023 and the performance period relates to when the fund launched or the assumed tenure of the fund manager(s). 3 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 £264 million. ENDS For further information, please contact:   Premier Miton Group plc Mike O'Shea, Chief Executive Officer     01483 306 090   Investec Bank plc (Nominated Adviser and Broker) Bruce Garrow / Ben Griffiths / Virginia Bull / Harry Hargreaves       020 7597 4000   Edelman Smithfield Consultants (Financial PR) John Kiely / Latika Shah     07785 275665 / 07950 671948     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  

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