OLD MUTUAL PLC - Old Mutual Completes Quilter Cheviot Acquisition

Old  Mutual Completes Quilter Cheviot Acquisition

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


       Ref 107/15
       25 February 2015


       OLD MUTUAL COMPLETES QUILTER CHEVIOT ACQUISITION

       Old Mutual plc today announces it has completed the acquisition of the leading discretionary
       investment manager Quilter Cheviot.
       At 31 December 2014, Quilter Cheviot had £16.7 billion (2013: £15.2 billion) of funds under
       management.
       As part of the consideration for the acquisition, Old Mutual plc will issue an additional 19,325,430
       restricted ordinary shares of 11 3/7p each to a trust established for the benefit of certain of the
       employee shareholders in Quilter Cheviot. Applications have been made for these additional shares
       to be admitted to listing and trading on the London Stock Exchange and applications will be made for
       them to be listed on the JSE Limited and on the other exchanges on which Old Mutual plc’s shares
       are listed.
       Julian Roberts, Group Chief Executive of Old Mutual plc, said: “The acquisition of Quilter Cheviot is
       the final substantive part in our strategy of building the UK’s leading retail investment business, and
       we are delighted that they are part of our Group. This acquisition will allow us to deliver a complete
       set of solutions which meet the wide-ranging needs of advisers and clients.”


       Enquiries
       External communications
       Patrick Bowes                   UK       +44 20 7002 7440
       Investor relations
       Dominic Lagan                   UK       +44 20 7002 7190
       Sizwe Ndlovu                    SA       +27 11 217 1163

       Media
       William Baldwin-Charles                  +44 20 7002 7133
                                                +44 7834 524833
       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd


       Joint Sponsor:
       Nedbank Capital




INVESTMENT | SAVINGS | INSURANCE | BANKING
       Notes to Editors
       Old Mutual provides investment, savings, insurance and banking services to more than 16 million customers in
       Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the
       London and Johannesburg Stock Exchanges, among others, since 1999.
       In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £294 billion of funds under management from core operations.
       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com




INVESTMENT | SAVINGS |INSURANCE | BANKING

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