MFS ANNOUNCES NEW LEADERSHIP APPOINTMENTS

6 December 2010

MFS Global Distribution Head Marty Beaulieu today announced several new leadership appointments within MFS International Limited (MIL). These reflect the increasing importance the business is playing in the growth and success of MFS.

From 1 January 2011, Lina Medeiros will become president of MIL, with leadership responsibility for Europe, Asia, and Latin America. A 13-year veteran of MFS, Lina most recently led the firm's retail business in Europe. Previously she headed efforts for MIL Americas. Lina will be based in London and will continue reporting to Marty Beaulieu.

Steve Haswell, who joined MFS in 1994, has been named head of global sales, responsible for all of MIL's external sales teams. Most recently Steve led the Latin America business and before that served as head of European sales. Steve will report to Lina in his new role.

Tom Jessee, senior vice president and senior managing director – Asia (ex-Japan), based in Singapore, has been named head of global account management and internal sales. In this new position, also reporting to Lina, Tom will help develop stronger business relationships with all of MFS' worldwide clients. He recently celebrated 25 years with the firm and has served in a variety of roles throughout his career. Before joining the Singapore office two years ago, Tom was national sales director for MFS Fund Distributors. He will maintain offices in Boston and Singapore.

Commenting on these appointments, Marty Beaulieu said, "I can't imagine having a stronger, more experienced team leading the exciting growth of MIL." He added, "Lina brings great credibility to her new role, with more than 20 years in financial services, mostly focused on international markets. As a native of Portugal, she has great cultural insight into how a U.S.-based asset manager needs to present its capabilities. Together, Lina, Steve and Tom represent the best values of MFS and demonstrate tremendous knowledge of the opportunities and challenges of growing our global retail franchise."

The trio recently completed a strategic review of the MIL business, encompassing markets, products, and profitability. The results of this work will serve as the foundation of MIL's growth model going forward.

For further information please contact James Poole or Ellen Gracey at GR Communications +44(0)20 3159 5001

Photos available on request.

Editor’s Notes:

About MFS

MFS International (U.K.) Limited (“MFS UK”) is an indirect subsidiary of Boston-based investment adviser MFS Investment Management (“MFS”). MFS and its predecessors have been managing money since 1924 and have over 154 investment professionals managing more than USD 208 billion in assets1, with a focused discipline built on the principles of Teamwork and Research.

MFS has a globally integrated network of research analysts and portfolio managers based in Boston, London, Mexico City, Singapore, Sydney and Tokyo, which serves as the basis for all investment decisions. The firm’s investment process is based on a culture that emphasises collaboration and teamwork.

Since entering the Europe, MFS has continued to grow its client base and expand its product offering. The prime focus for the MFS team is to deliver high alpha specialist management which reflects the company’s passion for bottom up research.

MFS now has branch offices in Germany, Italy, Spain, Netherlands, Switzerland and France serving its growing European institutional client base.

MFS International (U.K.) Ltd. is authorised and regulated by the U.K. Financial Services Authority, and is an investment manager for institutional clients and a distributor of the MFS Meridian Funds (SICAV), a Luxembourg-based investment company.


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