OLD MUTUAL PLC - OM Asset Management Announces Closing of Initial Public Offering

OM Asset Management Announces Closing of Initial Public Offering

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

   Ref 238/14
   15 October 2014

   OM ASSET MANAGEMENT ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
   Old Mutual plc (“Old Mutual” or “the Group”) today announces the closing of the initial public offering of
   22,000,000 ordinary shares of OM Asset Management at a price to the public of $14.00 per share.
   Shares of OM Asset Management began trading on 9 October 2014 on the New York Stock Exchange
   under the ticker symbol “OMAM”. The underwriters have an option, exercisable through November 7,
   2014, to purchase up to an additional 3,300,000 shares from Old Mutual at the initial public offering
   price, less the underwriting discount, to cover over-allotments, if any.
   
   Including the pre-offering dividend of $175 million from OM Asset Management which will also be
   received today, Old Mutual will realise estimated net proceeds of $456 million from the offering and
   associated transaction.

   BofA Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse acted as joint book running managers
   for the offering.

   The prospectus relating to the offering may be obtained from: BofA Merrill Lynch, Attention: Prospectus
   Department, 222 Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com or
   Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New
   York, NY 10014 or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
   NY 11717 or Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One
   Madison Avenue, New York, NY 10010, e-mail: newyork.prospectus@credit-suisse.com.

   The prospectus may also be obtained for free by visiting the Securities and Exchange Commission’s
   website at http://www.sec.gov.

   OM Asset Management is a global, multi-boutique asset management company with approximately
   $221 billion of assets under management as of 31 August 2014 through a diverse portfolio of asset
   managers that serve institutional investors around the world. Its business model combines the
   investment, talent, entrepreneurialism, focus and creativity of leading asset management boutiques
   with the resources of and capabilities of a larger firm.

   This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
   be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale
   would be unlawful prior to registration or qualification under the securities laws of any such state or
   jurisdiction.

   Enquiries
   External communications
   Patrick Bowes                      UK       +44 20 7002 7440
   Investor relations
   Dominic Lagan                      UK       +44 20 7002 7190

   Media
   William Baldwin-Charles                     +44 20 7002 7133
                                               +44 7834 524833
       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, please visit the corporate website at www.oldmutual.com

       Lead sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint sponsor:
       Nedbank Capital

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