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OML - Old Mutual Plc - Old Mutual sells Dwight Asset Management to Goldman Sachs Asset Management OLD MUTUAL plc Issuer code: OLOML JSE Share code: OML NSX share code: OLM ISIN: GB0007389926 Ref 10/12 7 February 2012 Old Mutual sells Dwight Asset Management to Goldman Sachs Asset Management Old Mutual plc today announces that its asset management business, Old Mutual Asset Management (OMAM), has sold Dwight Asset Management (Dwight) to Goldman Sachs Asset Management (GSAM). Subject to certain conditions, Dwight is expected to become a wholly-owned subsidiary of GSAM in the second quarter of 2012. Dwight, an affiliate of OMAM, provides fixed income investment management services for institutional clients including retirement plans, corporations, public funds, insurance companies, financial institutions, endowments, foundations, and Taft-Hartley plans. Dwight had unaudited gross assets of $22.2 million at 31 December 2011 and Assets Under Management of $33.2 billion as at 30 September 2011. Peter L. Bain, OMAM`s Chief Executive Officer, said: "For OMAM, the transaction will free up capital to redeploy into our global distribution and asset management franchise. We remain committed to building our multi-boutique business around long-term, institutionally-driven, active asset management." Enquiries External Communications / Investor Relations Patrick Bowes +44 (0)20 7002 7440 Media William Baldwin-Charles +44 (0)20 7002 7133 Investor Relations Kelly de Kock +27 (0) 21 509 8709 Sponsor: Merrill Lynch SA (Pty) Limited Notes to Editors Old Mutual Old Mutual is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds under management from core operations, and shareholders` equity of GBP9.0 billion. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Date: 08/02/2012 07:13:20 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
