Daily Mail and General Trust plc: Result of General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

Daily Mail and General Trust plc

("DMGT" or the "Company")

4 March 2019

Result of General Meeting

Following the announcement yesterday of the Proposed Distributions, a General Meeting of the Ordinary Shareholders was convened at short notice today. All defined terms used herein have the same meaning as in that announcement unless otherwise stated

Following approval at the General Meeting, the following further approvals were sought and received:

• The first approval required was from the Rothermere Affiliated Shareholders to consent to the variation of the rights attaching to their A Shares as a result of their participation in the Proposed Distributions being limited. The Company is pleased to announce that the requisite majority of Rothermere Affiliated Shareholders have consented to the variation of their rights.

• The second approval required was from the trustee of the DMGT employee benefit trust for the variation of the rights attaching to the A Shares that are held by it. In accordance with normal practice, the DMGT employee benefit trust will not participate in the Proposed Distributions and its trustee has consented to the variation of its rights accordingly.

Additional information

In accordance with Listing Rule paragraph 14.3.6, a copy of the special resolutions passed by the Ordinary Shareholders have been submitted to the Financial Conduct Authority. The special resolutions will shortly be available for inspection via the National Storage Mechanism website.

The results of the voting at the General Meeting will shortly be available on DMGT's website at: www.dmgt.com

Enquiries

About DMGT

DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1.4bn, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.  DMGT is also a founding investor and the largest shareholder of Euromoney Institutional Investor PLC.

Person responsible for arranging the release of this announcement:

UNITED STATES AND OVERSEAS SHAREHOLDERS

The implications of the Proposed Distributions for, and the distribution of this announcement to, overseas DMGT Shareholders may be affected by the laws of the relevant jurisdictions in which such overseas DMGT Shareholders are located. Such overseas DMGT Shareholders should inform themselves about, and observe, all applicable legal requirements.

It is the responsibility of any person into whose possession this announcement comes to satisfy themselves as to their full observance of the laws of the relevant jurisdiction in connection with the Proposed Distributions and the distribution of this announcement, including the obtaining of any governmental, exchange control or other consents that may be required and/or compliance with other necessary formalities that are required to be observed and the payment of any issue, transfer or other taxes due in such jurisdiction.

Overseas DMGT Shareholders should consult their own legal and tax advisers with respect to the legal and tax consequences of the Proposed Distribution in their particular circumstances.

The Euromoney Shares have not been and will not be registered under the US Securities Act or under the securities laws of any state or other jurisdiction of the United States and may not be resold within the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. At the time of the Euromoney Distribution, the Euromoney Shares will not be listed on any securities exchange in the United States, and it is expected that Euromoney will rely on the exemption from registration under the US Securities Exchange Act, provided by Rule 12g3-2(b) thereunder.

FINANCIAL ADVISERS

Lazard & Co., Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Independent Committee and for no one else in connection with the Proposed Distributions and will not be responsible to anyone other than the Independent Committee for providing the protections afforded to its clients or for providing advice in connection with the Proposed Distributions. Neither Lazard & Co., Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard & Co., Limited in connection with this document, any statement contained herein, the Proposed Distributions or otherwise.

J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated in the United Kingdom by the Prudential Regulation Authority and the Financial Conduct Authority), is acting as financial adviser exclusively to DMGT and no one else in connection with the Proposed Distributions and will not regard any other person as its client in relation to the Proposed Distributions and shall not be responsible to anyone other than DMGT for providing the protections afforded to clients of J.P. Morgan Cazenove, or for providing advice in connection with the Proposed Distributions or any matter referred to herein.

Credit Suisse International is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Credit Suisse is acting exclusively for the Independent Committee and for no one else in connection with the Proposed Distributions and will not be responsible to anyone other than the Independent Committee for providing the protections afforded to its clients or for providing advice in connection with the Proposed Distributions. Neither Credit Suisse nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this document, any statement contained herein, the Proposed Distributions or otherwise.