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OLD MUTUAL PLC - Response to Media Speculation

Release Date: 24/05/2016 08:20
Code(s): OML     PDF:  
Wrap Text
       OLD MUTUAL PLC
       ISIN CODE: GB00B77J0862
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSUER CODE: OLOMOL
       Old Mutual plc
       Ref 338/16

       24 May 2016

       RESPONSE TO MEDIA SPECULATION


In response to media speculation, Old Mutual plc ('Old Mutual') can confirm that it is continuing to assess the options available to it with regard to the preferred route to effect the managed separation announced on 11 March 2016. We will update the market as and when appropriate. As a consequence of the decision to proceed with the managed separation of Old Mutual, we expect to receive interest in our assets periodically.
With regard to OM Asset Management plc ('OMAM'), Old Mutual confirms that it has received approaches from third parties to acquire its stake in OMAM. There can be no certainty that these approaches will lead to any transaction or any certainty as to the terms on which any such transaction might proceed. Further statements will be made if and when appropriate. 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 Notes to Editors
Old Mutual provides investment, savings, insurance and banking services to 18.9 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 2015, the Group reported adjusted operating profit before tax of #1.7 billion and had #304 billion of funds under management from core operations (excluding Rogge). For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Sponsor Merrill Lynch South Africa (Pty) Ltd
Date: 24/05/2016 08:20:00 Supplied by www.sharenet.co.za 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.

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