OLD MUTUAL PLC - Annual General Meeting

Annual General Meeting

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSUER CODE: OLOMOL
   Old Mutual plc

   Ref 202/18

   30 April 2018


   ANNUAL GENERAL MEETING

   Old Mutual plc (“Old Mutual”) will be holding its Annual General Meeting (“AGM”) at 11am (UK time)
   today, 30 April 2018.
   Old Mutual’s businesses continue to trade in line with its expectations as outlined in its full year results
   published on 15 March 2018.
   Quilter plc (“Quilter”) has today released a trading update for the first quarter of this year. Quilter
   reported that Net Client Cash Flow (“NCCF”) for the first quarter was up 14% on the prior period at £1.6
   billion (excluding Single Strategy), with Assets under Management/Administration down (2)% to £111.6
   billion (excluding Single Strategy) with negative market movements partially offset by the strong NCCF.
   The full trading update can be found at https://www.oldmutualwealth.co.uk/quilter/investor-relations/.
   Old Mutual Limited group’s continuing operations have started the year on a positive note and results
   from operations are trading in line with management expectations. Since the year end, shareholder
   investment returns reflect the impact of lower equity markets in South Africa and particularly in
   Zimbabwe. Management remains focused on managing the cost base tightly and delivering on its
   communicated strategy.
   Nedbank Group’s performance for the three months to 31 March 2018 was in line with management
   expectations. In accordance with normal practice, the Nedbank Group will provide a performance
   update at its AGM on 10 May 2018.
   On 20 April 2018, Old Mutual plc announced a detailed timetable for the final stages of its managed
   separation. Full details can be found at www.oldmutualplc.com/media/news/index.jsp.


   Enquiries
   External communications

   Patrick Bowes                                 +44 20 7002 7440


   Investor relations
   Dominic Lagan (Old Mutual plc)                +44 20 7002 7190
   John-Paul Crutchley (Quilter)                 +44 20 7002 7016
   Nwabisa Piki (Old Mutual Limited)             +27 11 217 1951


   Media
   William Baldwin-Charles                       +44 20 7002 7133
                                                 +44 7834 524833


   Notes to Editors

   About Old Mutual plc
   Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
   strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
   standalone entities.

   BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM Asset
   Management in March 2018, is now independent from Old Mutual. The remaining underlying businesses are:

   OML (which includes Old Mutual Emerging Markets): OML has an ambition to become a premium financial
   services group in sub-Saharan Africa and offers a broad spectrum of financial solutions to retail and corporate
   customers across key market segments in 17 countries.

   Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank
   maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.

   Quilter: Quilter (formerly Old Mutual Wealth) is a leader in the UK and in selected offshore markets in wealth
   management, providing advice-led investment solutions and investment platforms to over 900,000 customers,
   principally in the affluent market segment.

   For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion.
   For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at
   www.oldmutualplc.com.


   IMPORTANT INFORMATION

   This announcement does not constitute or form part of an offer to purchase or subscribe for, or a solicitation or an
   advertisement of an offer to purchase or subscribe for, securities in the United States or in any other jurisdiction.
   The securities to which these materials relate have not been and will not be registered under the US Securities Act
   of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdictions of the United
   States, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction
   not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities
   in the United States or in any other jurisdiction.

   The securities to be issued in connection with the schemes or arrangement as part of the managed separation
   are expected to be issued in reliance upon the exemption from the registration requirements of the Securities Act
   provided by Section 3(a)(10).
   
   Sponsor:
   Merrill Lynch South Africa (Pty) Ltd

   Joint Sponsor:
   Nedbank Corporate and Investment Banking






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