OLD MUTUAL PLC - Sale of First Tranche of OMAM Shares to HNA Capital US Closes

Sale of First Tranche of OMAM Shares to HNA Capital US Closes

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


Ref 101/17
12 May 2017


SALE OF FIRST TRANCHE OF OMAM SHARES TO HNA CAPITAL US CLOSES

Old Mutual plc (“Old Mutual”) today announces the closing of the first tranche of the two-step sale of
OM Asset Management (“OMAM”) shares to HNA Capital US. The first tranche consisted of 9.95% of
OMAM shares at a price of $15.30 per share in cash resulting in gross proceeds of approximately
$175 million.

The second tranche consists of 15% of OMAM shares, to be sold at a price of $15.75 per share also
in cash. Completion of this tranche is subject to receipt of certain additional regulatory approvals in
various jurisdictions and is expected to take place in the second half of 2017.

Enquiries
External communications
Patrick Bowes                                 +44 20 7002 7440

Investor relations
Dominic Lagan                                 +44 20 7002 7190
Deward Serfontein                             +27 82 810 5672

Media
William Baldwin-Charles                       +44 20 7002 7133
                                              +44 7834 524833


Notes to Editors


Old Mutual
Old Mutual provides investment, savings, insurance and banking services to 19.4 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 is executing its strategy of managed separation, which will entail separating its four businesses into
standalone entities. The four businesses are:

Old Mutual Emerging Markets: an attractive business with a dominant position in South Africa, well-placed to
capitalise on sub-Saharan African growth as a diversified financial services provider with strong operations in key
East and West African markets.
Nedbank: one of South Africa’s four largest banks with very strong corporate, commercial and property finance
franchises, and a growth opportunity in the retail market, as well as pan-African optionality through its stake in
Ecobank Transnational Inc (ETI).

Old Mutual Wealth: a leading, integrated wealth management business, focused on the UK upper and middle
market, with strong prospects in a rapidly growing £3 trillion market.
OM Asset Management: an institutionally focussed, multi-boutique asset management business, delivering
strong, diversified growth in attractive asset classes through organic initiatives and acquisitions.

For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying
businesses, please visit the corporate website at www.oldmutualplc.com



Sponsor:
Merrill Lynch South Africa (Pty) Ltd


Joint Sponsor:
Nedbank Corporate and Investment Banking

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