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OLD MUTUAL PLC - Old Mutual Plc Announces the Completion of Faulu Transaction

Release Date: 01/04/2014 11:00
Code(s): OML     PDF:  
Wrap Text
Old Mutual Plc Announces the Completion of Faulu Transaction

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSURE CODE: OLOML
   Old Mutual plc

   Ref 26/14
   1 April 2014

   OLD MUTUAL PLC ANNOUNCES THE COMPLETION OF FAULU TRANSACTION

   Old Mutual Group ("Old Mutual") today announces that the transaction to acquire a majority share in
   Faulu Microfinance Bank Limited ("Faulu"), the deposit-taking microfinance business in Kenya, has
   become unconditional.

   Julian Roberts, Group Chief Executive of Old Mutual, said: "We are delighted to announce the official start of
   our partnership with Faulu in Kenya, and we look forward to seeing the results of this mutually
   beneficial relationship."

   Enquiries
   External communications
   Patrick Bowes                    UK        +44 20 7002 7440
   Investor relations
   Dominic Lagan                    UK        +44 20 7002 7190
   Kelly de Kock                    SA        +27 21 509 8709

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

   Joint Sponsor:
   Nedbank Capital

   Notes to Editors
   Old Mutual provides life assurance, asset management, banking and property & casualty insurance 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

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