OLD MUTUAL PLC - OM Asset Management Launches Secondary Offering

OM Asset Management Launches Secondary Offering

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

       Ref 453/15
       
       15 June 2015


       OM ASSET MANAGEMENT LAUNCHES SECONDARY OFFERING

       Old Mutual plc (“Old Mutual”) today announces that OM Asset Management plc (“OMAM”) has
       launched an offering of 11 million of its ordinary shares. The shares are being offered by Old Mutual
       and proceeds from the proposed offering are expected to be used for general corporate purposes.
       OMAM will not sell any shares in the proposed offering and thus will not receive any proceeds from
       the offering.

       The underwriters also have a 30-day option to purchase up to an additional 1.65 million shares from
       Old Mutual.

       The offering will be made through joint bookrunning managers BofA Merrill Lynch, Morgan Stanley &
       Co. LLC, Citigroup, and Credit Suisse Securities (USA) LLC.

       A registration statement relating to these securities, and containing a preliminary prospectus, subject
       to completion, has been filed with the Securities and Exchange Commission, but has not yet become
       effective. These securities may not be sold nor may offers to buy be accepted prior to the time the
       registration statement becomes effective.

       Old Mutual shareholders’ attention is drawn to the registration statement, since it contains new
       information on the business performance of OMAM in addition to that already announced its Q1 2015
       results.

       Copies of the preliminary prospectus relating to the offering, when available, 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.

       This press 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 offer, solicitation or sale
       would be unlawful prior to registration or qualification under the securities laws of any such state or
       jurisdiction.


       Enquiries
       Investor relations
       Patrick Bowes                     UK       + 44 20 7002 7440
       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




INVESTMENT | SAVINGS | INSURANCE | BANKING
      
       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd


       Joint Sponsor:
       Nedbank Capital

       Notes to Editors


       About Old Mutual plc
       
       Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 billion of funds under management from core operations.
       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com


       About OMAM
       
       OMAM is a global, multi-boutique asset management company with $224.0 billion of assets under management
       as of 31 March 2015. Its diverse Affiliates offer leading, alpha generating investment products to investors around
       the world. OMAM’s partnership approach, which includes equity ownership at the Affiliate level and a profit
       sharing relationship between OMAM and its Affiliates, aligns the interests of OMAM and its Affiliates to work
       collaboratively in accelerating their growth. OMAM’s business model combines the investment talent,
       entrepreneurialism, focus and creativity of leading asset management boutiques with the resources and
       capabilities of a larger firm.


       Forward-Looking Statements
 
       The information in this release contains forward-looking information that involves substantial risks and
       uncertainties regarding the proposed offering. Such risks and uncertainties include, among other things, the
       possibility that the proposed offering will not be completed within a particular time frame or at a particular offering
       amount, or at all, including as a result of regulatory, market or other factors. Old Mutual assumes no obligation to
       update forward-looking statements contained in this release as the result of new information, future events or
       developments.




INVESTMENT | SAVINGS |INSURANCE | BANKING

Date: 15/06/2015 12:41:00 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.