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OLD MUTUAL PLC - Old Mutual completes sale of Finnish branch of Skandia

Release Date: 31/08/2012 12:30
Code(s): OML     PDF:  
Wrap Text
Old Mutual completes sale of Finnish branch of Skandia

OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926

Ref 83/12
31 August 2012

Old Mutual completes sale of Finnish branch of Skandia Life Assurance Company Ltd

Old Mutual plc announces today the completion of the sale of the Finnish branch of Skandia Life Assurance
Company Ltd to OP-Pohjola osk. As at 30 June 2012, the Finnish branch had gross assets of €1.3 billion.

Ends

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External communications
Patrick Bowes                  UK                           +44 (0)20 7002 7440

Investor relations
Kelly de Kock                  SA                           +27 (0)21 509 8709


Media
William Baldwin-Charles                                     +44 (0)20 7002 7133
                                                            +44 (0)7834 524 833

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 12
million customers in Africa, the Americas, Asia and Europe. Old Mutual has been listed on the London and
Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an
IFRS basis) and had £267 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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