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OLD MUTUAL PLC - Intercompany Funding: Exercise of Issuer Call Option - USD813,200,000 Floating Rate Notes Due 18 November 2020

Release Date: 19/12/2016 12:00
Code(s): OML     PDF:  
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Intercompany Funding: Exercise of Issuer Call Option - USD813,200,000 Floating Rate Notes Due 18 November 2020

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

Ref 559/16
19 December 2016


INTERCOMPANY FUNDING: EXERCISE OF ISSUER CALL OPTION – USD813,200,000
FLOATING RATE NOTES DUE 18 NOVEMBER 2020 (ISIN:GB00B40PS426) (THE “NOTES”)

Old Mutual plc (the “Company”) hereby announces that it has given notice to the holder of the Notes,
a wholly owned subsidiary of the Company, that it will redeem the Notes in whole and not in part
pursuant to Condition 7(c) (Redemption at the option of the Issuer (Issuer Call)) effective on 30
December 2016.
The Notes will be settled through intercompany funding, such that the redemption of Notes will be
neutral for the Company’s liquidity and capital position.


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 Corporate and Investment Banking



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.
Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
standalone entities. The four businesses are:

Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection, 
investment and lending to retail and corporate customers 

Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa’s top four banks, 
providing wholesale and retail banking, insurance and asset management for individuals and businesses 

Old Mutual Wealth: a leading wealth management business in the UK and international markets

OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset 
Management which offers a diverse range of investment strategies and products for institutions, delivered 
worldwide through seven US-based boutiques.

For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion 
and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying 
businesses, please visit the corporate website at www.oldmutual.com 


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