ITEM 8.01 OTHER EVENTS.



On August 31, 2021 ("Closing Date"), Federated Hermes, Inc. ("FHI"), through its
subsidiary, Federated Holdings (UK) II Limited ("Buyer", and, collectively with
FHI, as applicable, "Federated Hermes"), completed the acquisition of a 29.5%
interest in Hermes Fund Managers Limited ("HFML") from BT Pension Scheme
Trustees Limited, as trustee for and on behalf of the BT Pension Scheme ("BTPS"
or "Seller") for £116.5 million (approximately $161.5 million) ("Purchase
Price") pursuant to the terms of that certain Put and Call Option Deed, dated
July 2, 2018 (the "Option Deed"), among BTPS, Buyer and FHI. FHI, through the
Buyer, had previously acquired ("Acquisition") a majority interest in HFML from
the Seller on July 2, 2018, effective July 1, 2018, pursuant to the terms of
that certain Share Sale Agreement dated April 12, 2018 ("Purchase Agreement"),
among the Seller and Federated Hermes. The remaining approximate 10% of the
equity interests of HFML is held in an employee benefit trust for the benefit of
certain members of HFML's management and other key employees under a long-term
incentive plan established in connection with the Acquisition.

FHI had previously announced that, on April 20, 2021, BTPS provided a Valuation
Request Notice to Federated Hermes requesting determination of the fair value of
HFML in accordance with the terms of the Option Deed. Pursuant to the Option
Deed, Federated Hermes and BTPS agreed upon a third-party valuation company,
which determined the fair value of HFML for purposes of the Option Deed. The
Option Deed provided that the consideration to be paid for BTPS' remaining
interest in HFML would be based on BTPS' equity proportion of the fair value of
HFML as determined in accordance with the terms of the Option Deed. Federated
Hermes and BTPS have accepted the third party fair valuation of HFML. Federated
Hermes paid the Purchase Price by using a combination of cash on hand and
borrowings under its corporate credit facility. Upon completion of the
acquisition on the Closing Date, BTPS no longer has any ownership interest in
HFML nor any representation on HFML's board of directors. BTPS remains a
significant client with $12.0 billion in assets under management invested in
several Federated Hermes sponsored or managed investment products, including
$10.1 billion in long-term private market strategies as of July 31, 2021.

Upon the completion of the acquisition by Buyer of BTPS' 29.5% interest in HFML,
the Option Deed, as well as that certain Shareholders' Agreement, dated as of
July 2, 2018, among BTPS, Federated Hermes, and HFML, terminated in accordance
with their respective terms.

On August 13, 2021, FHI entered into a foreign currency forward transaction with
Citi Bank, N.A. under an existing International Swaps and Derivatives
Association, Inc. Master Agreement dated June 9, 2010. Under this forward
transaction, FHI committed to purchase £117.1 million (representing the Purchase
Price and 0.5% stamp duty on the transfer of the interest in HFML) at an all-in
forward rate of 1.386345 for settlement on August 31, 2021 in the amount of
$162.3 million.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:


        Exhibit 104                 Cover Page Interactive Data File

(embedded within the Inline XBRL


                                    document)

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