Jupiter's management team and TA Associates are pleased to announce the completion of the acquisition of the Jupiter Group* from Commerzbank AG.

The management buyout (MBO), which has been approved by the Financial Services Authority, was agreed during March 2007 at a sale price of £740m (Euro1.088bn or $1.465bn). Under the terms of this agreement, Jupiter and TA Associates have taken joint ownership of the Jupiter Group, with Jupiter's management holding a majority stake in the business. All Jupiter's employees have been given the opportunity to acquire shares in the new holding company - virtually all of whom have done so.

Edward Bonham Carter, chief executive of Jupiter Investment Management Holdings**, said: "We are delighted to have completed this transaction and to have TA Associates as our partner. Our new ownership structure creates considerable certainty for our clients going forward, with both Jupiter's senior management team and employees participating in equity ownership of the business alongside TA Associates.

"We believe the asset management sector in the UK and Europe is in the early stages of a significant growth phase and TA Associates' considerable experience in asset management will undoubtedly help us achieve our goal of increasing our share of these markets."

Michael A. R. Wilson, a managing director at TA Associates, said: "We are pleased to complete our eleventh asset management investment and look forward to working closely with Jupiter management to help them continue building value for clients, employees and shareholders."

Ajit Nedungadi, managing director and head of TA Associates' London office, added: "We are confident that Jupiter's powerful brand and investment performance will continue to provide a strong platform for future growth and are delighted to have completed this investment in partnership with management.  TA has now invested over ?1 billion in ten investments in Europe over the past five years."
 
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Notes to Editors:
* Jupiter Investment Management Holdings Ltd is the ultimate holding company for the Jupiter group of companies, which includes Jupiter Asset Management (JAM) and Jupiter Unit Trust Managers (JUTM).

** Edward Bonham Carter has been appointed chief executive of Jupiter Investment Management Holdings Ltd with effect from 19 June 2007. Jonathan Carey has been appointed Group Executive Deputy Chairman of the Group with effect from the same date. Full CVs of all board members are attached below.

NOTES TO EDITORS

Jupiter Investment Management Group

Jupiter has £20bn under management in unit trusts, institutional mandates, investment trusts, hedge funds, offshore funds, pensions and private client portfolios. The company employs more than 450 staff in its London, Kent, Bermuda and Jersey offices.

Jupiter has a strong reputation for delivering outperformance over the medium to long term. The company has won numerous awards for its performance, including the Investment Week Global Group of the Year for 2004, 2005 and 2006.

Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter".

TA Associates

TA Associates is a leading buyout and private equity firm with more than 39 years of experience investing in profitable growth companies.  The firm has total assets under management of over ?7.7 billion and has invested over ?2 billion in financial services and financial technology companies.  TA's investments in the asset management sector include Advisory Research, Inc., Affiliated Managers Group, AIM Management Group (AMVESCAP), K2 Advisors, Numeric Investors and Thomson Advisory Group (PIMCO).  The firm's investments in the European markets include Drive Assist, eDreams, GlobeOp Financial Services, IntercontinentalExchange, ION Trading Group, SmartStream Technologies, Sophos Plc and Tempur-Pedic International.  TA opened its London office in 2003 and is continuing to expand its investment efforts in Europe.  More information about TA Associates can be found at www.ta.com.

Lexicon Partners Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting for the Board of Jupiter and no one else in connection with the transaction and will not be responsible to anyone other than the Board of Jupiter for providing the protections afforded to clients of Lexicon Partners Limited or for providing advice in relation to the transaction, or any matter referred to herein.

This document is approved for issue in the UK by TA Associates Ltd., which is regulated by the FSA.

Safe harbor statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements made in connection with this release which are not historical fact, such as forward-looking statements concerning future financial performance and growth, involve risk and uncertainties. Such statements are subject to various factors that could cause actual results to differ materially from those set forth in the forward-looking statements. Any forward-looking statements represent the best judgment of TA Associates as of the date of this release. TA Associates disclaims any intent or obligation to update any forward-looking statements.

Jupiter Investment Management Holdings Ltd's Board

Jupiter's representatives

Edward Bonham Carter, Group Chief Executive
Edward joined Jupiter in 1994 as a UK fund manager after working at both Schroders (1982 - 1986) and the Electra Investment Trust (1986 - 1994). Edward was appointed Chief Investment Officer in 1999 and Joint Group Chief Executive of Jupiter International Group in May 2000. Edward is also Chief Executive of Jupiter Asset Management Ltd and Jupiter Unit Trust Managers Ltd. His appointment as Group Chief Executive of Jupiter Investment Management Holdings Ltd took effect on 19 June 2007.

Jonathan Carey, Group Executive Deputy Chairman
Jonathan joined Jupiter in 1988 and was appointed Joint Group Chief Executive of Jupiter International Group PLC in May 2000.  Formerly, he was Group Finance and Compliance Director.  Prior to this, Jonathan was Finance and Compliance Director at Marathon Asset Management Ltd and Financial Controller at Gartmore Investment Management Ltd.  Jonathan's appointment as Chairman of Jupiter Investment Management Group Ltd and Group Executive Deputy Chairman of Jupiter Investment Management Holdings Ltd took effect on 19 June 2007.

John Chatfeild-Roberts, Head of the Jupiter Merlin Independent Funds Team
John joined Jupiter in March 2001 to start and head the Jupiter Independent Funds Team after running multi-manager portfolios at both Henderson and Lazard Brothers Asset Management. John jointly manages the Jupiter Merlin Funds of Funds range with Peter Lawery and Algy Smith-Maxwell, who both came with him from Lazard.  John took over as lead manager of the Jupiter Global Managed fund in November 2001. John is a Fellow of the Securities Institute and a director of Jupiter Investment Management Holdings Ltd and Jupiter Asset Management Ltd.

Adrian Creedy, Chief Operating Officer
A law graduate of Cambridge University, Adrian qualified as a solicitor at Slaughter and May in 1987. Having gained extensive corporate and commercial experience at Slaughter and May, he moved to Jupiter in 1994 to set up the legal department. As Head of Legal and HR, Adrian was appointed to the Board of Jupiter International Group PLC in 2003. Adrian, who was appointed Chief Operating Officer on 19 June 2007, is a director of Jupiter Investment Management Holdings Ltd and Jupiter Asset Management Ltd.

Philip Gibbs, Manager of the Jupiter Financial Opportunities Fund and Jupiter Second Split Investment Trust
A graduate of Cambridge University, Philip qualified as a chartered accountant with Peat Marwick Mitchell in 1983. Between 1983 and 1990 he worked for Laing and Cruickshank as a stock broking analyst specialising in UK financial companies. Between 1990 and 1997 he performed the same role for BZW. Philip Gibbs joined Jupiter in 1997 and has managed the Jupiter Financial Opportunities Fund since its launch in June 1997. He also manages the Jupiter Second Split Investment Trust, the Jupiter Global Financials Fund (Sicav) and the Jupiter Hyde Park hedge fund. Philip is a director of Jupiter Investment Management Holdings Ltd and Jupiter Asset Management Ltd.

Anthony Nutt, Manager of the Jupiter Income and Jupiter High Income Funds
Anthony joined Jupiter in late 1995 to manage UK equities after working as a fund manager at both Flemings and TSB since 1983. Anthony has managed the Jupiter Income Trust since May 2000 and the Jupiter High Income Fund since its launch in January 1996. He has co-managed the Jupiter Distribution Fund with John Hamilton since its launch in March 2002. He also manages two investment trusts - Jupiter Dividend & Growth and Jupiter Second Enhanced. Anthony is a director of Jupiter Investment Management Holdings Ltd and Jupiter Asset Management Ltd.

TA Associates' representatives

Richard I. Morris, Jr., Adviser to TA Associates
Richard has served as an adviser to TA Associates since 2004.  He retired as Vice Chairman of Putnam Lovell NBF Securities at the end of 2002. Richard joined Putnam Lovell in July 1997 as Chief Operating Officer and Managing Director, established the firm's London office and was elected President in June 2001 and Vice Chairman in June 2002.  Previously, he served as President and Chief Executive Officer of Cursitor Alliance LLC. Richard was a co-founder, Principal and Chief Financial Officer of the Cursitor companies, an international asset management and research group. He established The London Partnership Limited, which became part of Cursitor, in July 1983.  Richard is a director of Jupiter Investment Management Holdings Ltd and is also a non-executive director of Boston Private Financial Holdings, Inc., and an adviser to FRM Holdings Limited, a leading fund of hedge funds manager.

Christopher Parkin, Vice President, TA Associates
Chris focuses on management buyouts and minority equity investments in growth companies in Western Europe.  Prior to joining TA in 2006, he was an Investment Manager at Lazard Private Equity in London.  He also worked at Bain & Company as a Manager in the Private Equity Group in both London and New York. Chris received a BA degree, with honours, in Mathematics from Oxford University in 1995, and an MBA from Harvard Business School in 2001. Chris is a director of Jupiter Investment Management Holdings Ltd.

Michael Wilson, Managing Director, TA Associates
Mike focuses on investments in asset management and transaction processing  companies. He serves on the Boards of Advisory Research, Cardtronics, EYP Mission Critical Facilities and Numeric Investors.  He formerly served on the Board of Chartered Marketing Services and United Pet Group and was actively involved with And 1. Prior to joining TA in 1992, Mike was a Financial Analyst in Morgan Stanley's Telecommunications Group. In 1994, he joined Affiliated Managers Group, a TA-backed financial services start-up, as Vice President and a member of the founding management team. Mike received a BA degree, with Honours, in Business Administration from the University of Western Ontario in 1990, and an MBA degree, with Distinction, from the Harvard Business School in 1997, and rejoined TA upon graduation. Mike is a director of Jupiter Investment Management Holdings Ltd.