Manning & Napier Adds New Class with Zero Revenue Share to Pro-Mix® CIT Fund Family

  Manning & Napier Adds New Class with Zero Revenue Share to Pro-Mix® CIT Fund

New unit class offers greater transparency for plan sponsors and participants

Business Wire

FAIRPORT, N.Y. -- June 17, 2013

Manning & Napier, Inc. (NYSE: MN), (“Manning & Napier” or “the Company”) today
announced the launch of a new, zero revenue share Class U for its Pro-Mix®
Collective Investment Trust (CIT) Fund family. The new unit class helps plan
sponsors to clarify administrative costs paid by participants, and recognizes
the increasing trend toward more transparent, fee-conscious offerings.

The Manning & Napier Pro-Mix® CIT Funds are a suite of actively managed, fully
diversified collective investment trust funds that offer professional
management solutions to qualified plan participants. Class U is being offered
across the entire fund family, including the Conservative, Moderate, Extended,
and Maximum Term CIT Funds. The Pro-Mix® CIT Funds, launched in 2000, are also
offered in Class S to address the ongoing need for various plan cost

“Manning & Napier’s objective is to improve participant results with
value-added risk management,” said Patrick Cunningham, Chief Executive
Officer. “The Pro-Mix® CIT Funds Class U makes it easier for fiduciaries to
distinctly separate investment fees from administrative fees. Participants
today desire a high level of transparency. We believe it is our responsibility
as an investment manager to help drive outcomes at both the plan sponsor and
participant level.”

The U.S. Department of Labor (DOL) issued last year a new set of rules that
requires the disclosure of plan-level and investment-level fees associated
with workers’ 401(k) accounts. Increasingly, investment managers have
developed solutions to help plan sponsors, advisors, and participants better
understand fiduciary duties and evaluate fee reasonableness.

Manning & Napier has a long legacy of offering life cycle solutions, with more
than 40 years of experience rooted in multi-asset class investments. In June
2012, the Company launched the GOALSM CIT Funds, a suite of actively-managed
target date funds, investing in a variety of exchange-traded funds. The GOALSM
CIT Funds are offered with a single, non-revenue share unit class, Class U.

For more information on Manning & Napier and its zero revenue share fund
offerings, visit:

About Manning & Napier, Inc.

Manning & Napier (NYSE: MN) provides a broad range of investment solutions
through separately managed accounts, mutual funds, and collective investment
trust funds, as well as a variety of consultative services that complement our
investment process. Founded in 1970, we offer equity and fixed income
portfolios as well as a range of blended asset portfolios, such as life cycle
funds, that use a mix of stocks and bonds. We serve a diversified client base
of high-net-worth individuals and institutions, including 401(k) plans,
pension plans, Taft-Hartley plans, endowments and foundations. For many of
these clients, our relationship goes beyond investment management and includes
customized solutions that address key issues and solve client-specific
problems. We are headquartered in Fairport, NY and had more than 425 full-time
employees as of March 31, 2013.

Manning & Napier, Inc. is publically traded under MN. Manning & Napier
Advisors, LLC (Manning & Napier) provides investment advisory services to
Exeter Trust Company (ETC), Trustee of the Manning & Napier Collective
Investment Trust funds. The Collectives are available only for use within
certain qualified employee benefit plans. Manning & Napier, Inc., Manning &
Napier, and ETC are affiliates.

Safe Harbor Statement

This press release and other statements that the Company may make may contain
forward-looking statements within the meaning of section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which
reflect the Company’s current views with respect to, among other things, its
operations and financial performance. Words like “believes,” “expects,” “may,”
“estimates,” “will,” “should,” “intends,” “plans,” or “anticipates” or the
negative thereof or other variations thereon or comparable terminology, are
used to identify forward-looking statements, although not all forward-looking
statements contain these words. Although the Company believes that it is
basing its expectations and beliefs on reasonable assumptions within the
bounds of what it currently knows about its business and operations, there can
be no assurance that its actual results will not differ materially from what
the Company expects or believes. Some of the factors that could cause the
Company’s actual results to differ from its expectations or beliefs include,
without limitation: changes in securities or financial markets or general
economic conditions; a decline in the performance of the Company’s products;
client sales and redemption activity; changes of government policy or
regulations; and other risks discussed from time to time in the Company’s
filings with the Securities and Exchange Commission.


Investor Relations Contact
Manning & Napier
Shannon Lappin, 585-325-6880
Public Relations Contact
Prosek Partners
Cristina Martinez, 212-279-3115 x215
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