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OML - Old Mutual Plc - Update on the sale of US Life OLD MUTUAL PLC ISIN CODE: GB0007389926 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML Old Mutual plc Update on the sale of US Life Old Mutual plc is pleased to announce that the Maryland Insurance Administration has approved the acquisition of OM Financial Life Insurance Company by Harbinger Group Inc. Approval for the sale is still required from the New York State Insurance Department (NYSID). Closing preparations are continuing to take place and completion is expected to occur in due course once approval has been obtained from NYSID. A further announcement will be made on closing of the transaction. Ends Enquiries External Communications Patrick Bowes +44 (0)20 7002 7440 Investor Relations Deward Serfontein SA +27 (0)82 810 5672 Aleida White UK +44 (0)20 7002 7287 Media William Baldwin-Charles +44 (0)20 7002 7133 Notes to Editors Old Mutual Old Mutual plc 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 plc 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. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 1 April 2011 Sponsor: Merrill Lynch SA (Pty) Limited Date: 01/04/2011 08:00:02 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.
