Janus Henderson Group (JHG) investor relations material

Executive summary

• A definitive proxy statement was filed regarding an all-cash merger transaction at $52/share, representing the high end of the company's intrinsic value range and a premium to historical benchmarks.

• The transaction is fully financed, with binding debt and equity commitments, and is expected to close quickly, providing high certainty of value amid market volatility.

• The Special Committee led a robust, competitive process, negotiating seven price increases and engaging with multiple potential bidders, ultimately maximizing shareholder value.

• The Special Committee recommends shareholders vote in favor of the transaction, citing no other actionable bids and strong support from key clients and investment professionals.

Voting matters and shareholder proposals

• Shareholders are being asked to vote on the proposed merger transaction, with the Special Committee recommending a "FOR" vote.

• Trian, holding 20.7% of outstanding shares, supports the transaction, increasing the likelihood of approval.

Board of directors and corporate governance

• An independent Special Committee of directors with deep expertise in investment management and shareholder advocacy oversaw the process.

• The committee retained separate legal and financial advisors and conducted broad outreach to potential bidders.