This information sets out the disclosure required by section 430(2B) of the Companies Act 2006 in relation to the departure of Maarten Slendebroek and Charlotte Jones as Directors’  of the Company.

Maarten Slendebroek

Further to the RNS announcement on 22 January 2019, Maarten Slendebroek will step down as Chief Executive Officer and as a director of Jupiter Fund Management plc (“Jupiter”) on 1 March 2019. As required by section 430(2B) of the Companies Act 2006, details of the remuneration payments made or to be made are detailed below.

1. Salary and benefits

On 21 January 2019, Maarten and the Company agreed to the terms of a Settlement Agreement whereby his employment will end on 1 November 2019 (or such earlier date as is agreed between the parties) (the “Termination Date”). Following a handover period which will end on 30 April 2019, Maarten will commence garden leave for the duration of his 6 months’ notice period (or such shorter period as may be agreed). Until the Termination Date, Maarten will continue to be paid on the same basis as disclosed in Jupiter’s most recent Annual Report.

Maarten will be entitled to a capped contribution of up to £15,000 (plus VAT) towards legal fees incurred in connection with his departure and to outplacement support with a maximum value of up to £10,000 (plus VAT).

2. Bonus

Maarten has been awarded a bonus for 2018 of £1,000,000, based on the level of achievement of the Company’s 2018 financial and strategic objectives as well as his defined individual objectives. The level of achievement has been assessed by the Remuneration Committee using the scorecard of measures defined at the start of the year and in line with the Directors’ Remuneration Policy. Full disclosure of the measures and achievement levels will be provided in the Directors’ Remuneration Report when the Company’s Annual Report and Accounts are published in March 2019.

Maarten will be entitled to a pro-rata bonus for the proportion of the 2019 financial year worked (up to, and including, 30 April 2019). The 2019 bonus will be determined on the normal timetable in line with the Remuneration Policy.

3. Share awards

The arrangements in relation to Maarten’s entitlement under the 2018 Long Term Investment Plan (“LTIP”), and outstanding awards under the Deferred Bonus Plan (“DBP”), form part of his contractual entitlement.

When he leaves the Company, he will be treated as a good leaver under the DBP and LTIP with awards vesting on their normal vesting dates subject to any applicable performance and time prorating terms.

Charlotte Jones

We refer to the RNS announcement on 26 February 2019 regarding Charlotte Jones stepping down as Chief Financial Officer and as a Director of Jupiter Fund Management plc (“Jupiter”) in August 2019 (or such earlier date as may be agreed). As required by section 430(2B) of the Companies Act 2006, details of the remuneration payments made or to be made are detailed below.

1. Salary and benefits

Charlotte’s service agreement provides for a six month notice period and she will continue to receive her contractual base salary and benefits as provided in the most recent Directors’ Remuneration Report up until the date her employment ceases.

2. 2018 Bonus and 2019 LTIP Award

Jupiter’s 2018 Directors’ Remuneration Report (“DRR”) published on 4 March 2019 declared the following in connection with Charlotte: (i) a bonus of £450,000 in respect of the 2018 financial year and (ii) the intention to grant a 2019 LTIP award of £730,000 (together the “Compensation Awards”). Following publication of the 2018 DRR, the Remuneration Committee of Jupiter has determined that the Compensation Awards should not be made in light of Charlotte stepping down from her role at Jupiter.

3. Share Awards

In line with the relevant rules of the Deferred Bonus Plan and Long Term Incentive Plan, Charlotte will not be treated as a good leaver under either of these schemes, and therefore her 96,394 unvested share options under the DBP and 266,080 unvested share options under the LTIP will lapse with effect from 25 February 2019.