OLD MUTUAL PLC - OM Asset Management Announces Pricing of Offering of Ordinary Shares

OM Asset Management Announces Pricing of Offering of Ordinary Shares

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

       Ref 461/15
       17 June 2015


       OM ASSET MANAGEMENT ANNOUNCES PRICING OF OFFERING OF ORDINARY SHARES

       OM Asset Management plc (“OMAM”) announced today the pricing of an underwritten public offering
       of 13,300,000 of its ordinary shares at a public offering price of $17.50 per share. The offering is
       expected to close on 22 June 2015.

       The shares are being offered by Old Mutual plc (“Old Mutual”) and proceeds from the proposed
       offering are expected to be used for general corporate purposes. In addition, Old Mutual has granted
       the underwriters a 30-day option to purchase up to an additional 1,995,000 shares at the public
       offering price, less the underwriting discount. OMAM will not sell any shares in the offering and will not
       receive any proceeds from the sale of the shares.

       BofA Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup, and Credit Suisse Securities (USA) LLC are
       acting as joint bookrunning managers for the offering.

       A registration statement on Form S-1 relating to the ordinary shares being sold in this offering was
       declared effective by the Securities and Exchange Commission on 16 June 2015. A preliminary
       prospectus relating to the offering has been filed with the SEC, and a final prospectus relating to the
       offering will be filed with the SEC.

       Copies of the final prospectus relating to the offering may be obtained, when available, 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, when
       available, for free, by visiting the SEC’s website at www.sec.gov.

       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
       External communications
       Patrick Bowes                     UK           +44 20 7002 7440
       Investor relations
       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

       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.


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