OLD MUTUAL PLC - Sale of Second Tranche of OM Asset Management Shares to HNA Capital US

Sale of Second Tranche of OM Asset Management Shares to HNA Capital US

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

   Ref 260/17
   10 November 2017

   SALE OF SECOND TRANCHE OF OM ASSET MANAGEMENT SHARES TO HNA CAPITAL US

   Old Mutual plc (“Old Mutual”) today announces that the sale of the second tranche of OM Asset
   Management (“OMAM”) shares to HNA Capital US has completed.

   The second tranche comprised of 14.5% of OMAM shares held by Old Mutual at a price of $15.75 per
   share resulting in gross proceeds of approximately $251.4 million. The sale of the first tranche,
   comprising of 9.95% of OMAM shares at $15.30, completed on 12 May 2017. Old Mutual’s remaining
   holding in OMAM is now 5.5%, and as required by IFRS, the remaining interest in OMAM will be
   accounted for as a trade investment.

   As a consequence of the reduction in shareholding today, and in accordance with the articles of
   association and the shareholders agreement at the time of the IPO, Ingrid Johnson, Old Mutual’s Group
   Finance Director, will step down from the Board of OMAM with immediate effect.


   Enquiries
   External communications
   Patrick Bowes                                        +44 20 7002 7440
   Investor relations
   Dominic Lagan                                        +44 20 7002 7190

   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
   About Old Mutual plc

   Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
   strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
   standalone entities.

       The managed separation strategy seeks to preserve and release the value currently trapped within the group
       structure. The managed separation will be materially complete by the end of 2018.

       OM Asset Management, a US based institutional asset manager, is now independent from Old Mutual. The
       remaining underlying businesses are:

       Old Mutual Emerging Markets: A South African based leading provider of financial services in sub-Saharan
       Africa.

       Nedbank: One of South Africa’s largest banks, with a 20% stake in pan-African Ecobank Transational Inc.

       Old Mutual Wealth: a leading, integrated, advice-led wealth management business focused on the UK upper and
       middle market.

       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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