OLD MUTUAL PLC - Old Mutual Wealth to Acquire Financial Adviser Network Caerus

Old Mutual Wealth to Acquire Financial Adviser Network Caerus

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

   Ref 31/17
   28 February 2017

   OLD MUTUAL WEALTH TO ACQUIRE FINANCIAL ADVISER NETWORK CAERUS
   Old Mutual Wealth has reached a conditional agreement to acquire the financial adviser network,
   Caerus Capital Group (“Caerus”).

   The proposed acquisition is subject to a number of conditions, including shareholder agreement and
   regulatory approval. The transaction is expected to complete in Q2 2017.

   The Caerus Board has unanimously opted to accept the offer with regards to its own holdings and has
   recommended the offer to other shareholders.

   The acquisition will complement Old Mutual Wealth’s existing controlled distribution footprint in the
   UK, which includes Intrinsic, and Old Mutual Wealth Private Client Advisers, the branded national
   adviser firm established in 2015.

   More than 300 advisers are authorised through Caerus and are responsible for more than £4 billion of
   assets under advice.


   In August 2016, Old Mutual plc stated that Old Mutual Wealth expected to acquire further scalable
   advice businesses to grow its controlled distribution capability.

   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 Corporate and Investment Banking

       Notes to Editors

       Old Mutual provides investment, savings, insurance and banking services to 18.9 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.


       Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
       standalone entities. The four businesses are:


       Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection,
       investment and lending to retail and corporate customers


       Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa’s top four banks, providing wholesale
       and retail banking, insurance and asset management for individuals and businesses


       Old Mutual Wealth: a leading wealth management business in the UK and international markets


       OM Asset Management: Old Mutual owns 51% in the New York Stock Exchange listed OM Asset Management
       which offers a diverse range of investment strategies and products for institutions, delivered worldwide through
       seven US-based boutiques.

       For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
       and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying
       businesses, please visit the corporate website at www.oldmutualplc.com

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