OLD MUTUAL PLC - Old Mutual Wealth Completes Acquisition of Financial Adviser Network Caerus

Old Mutual Wealth Completes Acquisition of Financial Adviser Network Caerus

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

   Ref 118/17
   2 June 2017

   OLD MUTUAL WEALTH COMPLETES ACQUISITION OF FINANCIAL ADVISER NETWORK
   CAERUS

   Old Mutual Wealth, the UK wealth management business of Old Mutual plc, has completed the
   acquisition of the financial adviser network, Caerus Capital Group ("Caerus"). Intrinsic, part of Old
   Mutual Wealth, had agreed the acquisition subject to a number of conditions, including shareholder
   agreement and regulatory approval.

   The offer has now received approval from the regulator and remaining shareholders following the
   unanimous decision of the Caerus Board to accept the offer with regards to its own holdings.
   Caerus consists of more than 300 advisers who are responsible for more than £4 billion of Assets under
   advice.

   The acquisition complements Old Mutual Wealth's existing controlled distribution footprint in the UK,
   which includes Intrinsic, and Old Mutual Wealth Private Client Advisers, the branded national adviser
   firm established in 2015. The acquisition by Old Mutual Wealth follows its stated intent to acquire further
   scalable advice businesses to grow its controlled distribution capability.


   Enquiries
   External communications
   Patrick Bowes                                          +44 20 7002 7440
   Investor relations
   Dominic Lagan                                          +44 20 7002 7190
   Deward Serfontein (Fluent Investor Relations)          +27 82 810 5672

   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
   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


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