River and Mercantile : Staff appointment and office establishment

22 June 2018

River and Mercantile Group PLC

Strategic Update - Staff appointment and office establishment

River and Mercantile Group ('the Group') has appointed former Westpac executive and former Australian rugby international Tim Horan as Managing Director, Australia and New Zealand. His appointment coincides with the launch of the Group's first Australian unit trust, available to institutional investors from this month.

Mr. Horan will take responsibility for the establishment of the Group's office in the region and growing the business in the Australian and New Zealand markets.

James Barham, CEO of Asset Management said: 'Australia and New Zealand are key strategic markets in our global development. Since 2013, we have had clients in Australia and New Zealand, but with increasing demand for our services, we recognise the importance of having a greater presence in this region with dedicated leadership. We are exceptionally pleased that Tim is joining the business to establish our office and build out our relationships across the Institutional, Wholesale and Family Trust markets.'

Regarding the launch of the River and Mercantile Global High Alpha Fund as an Australian unit trust, James said: 'We have been working collaboratively with the investment consulting community and institutional investors in Australia and New Zealand since 2013, designing truly actively managed products that meet the genuine needs and investment appetite of this region. Responding to increasing demand, we are very proud to now be able to offer this fund to a broader audience.'

Mike Faulkner, Group CEO said: 'We are delighted to announce our office expansion and new fund launch. This represents a continuation of our strategy to expand both the range of solutions we can deploy to serve client needs and the breadth of clients we can serve. We see significant demand in the region for the Group's strategies - both existing and in development - and we greatly look forward to working with Tim.'

Notes to editors:

River and Mercantile Group ('the Group') is an investment solutions business with a broad range of services, from consulting and advisory, to fully delegated fiduciary management and asset management.

The Group is focussed on creating investment solutions for institutional pension schemes, insurance and financial intermediaries and operates through four divisions: Investment Solutions encompassing both advisory and fiduciary management, Derivatives Solutions providing structured equity and Liability Driven Investing (LDI), Equity Solutions providing UK and global equity strategies, and Multi Asset Solutions, providing dynamic asset allocation and other multi asset based solutions.

For further information please contact:

River & Mercantile Group PLC [phone]

Kevin Hayes, Chief Financial Officer

Chris Rutt, Deputy Chief Financial Officer and Investor Relations