OLD MUTUAL PLC - Old Mutual Wealth Showcase

Old Mutual Wealth Showcase

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

    Ref 263/17
    15 November 2017

    OLD MUTUAL WEALTH SHOWCASE

    Old Mutual plc (‘Old Mutual’) will be holding a showcase today, 15 November 2017, on its Old Mutual Wealth
    business. The showcase will feature presentations and question and answer sessions from the management team,
    including Paul Feeney and Tim Tookey, Chief Executive Officer and Chief Financial Officer, respectively.

    The programme will include an overview of the strategic direction and growth prospects of the business as well as
    presentations covering each of the divisions, followed by the financial highlights. No material new financial
    information or operational targets will be announced.

    The presentation will also cover the UK Platform transformation programme. The expected timing of delivery and
    cost estimates, as previously announced, remain unchanged.
    Old Mutual Wealth remains on track to list in 2018 at the earliest opportunity after Old Mutual’s 2017 full year
    financial results.

    The showcase will take place at the Old Mutual presentation suite in London and will start today at 12:30 GMT
    (14:30 South African time). Representatives of the management team will be conducting investor meetings
    following the showcase in South Africa, the UK and the US.

    Brand update

    Old Mutual Wealth announces today that it will become Quilter plc upon separation from Old Mutual. Quilter traces
    its origins back to 1771. Old Mutual Wealth considers that Quilter is a brand that stands for quality for personal
    service and for dependability; values that remain at the heart of Old Mutual Wealth’s business philosophy today.
    Re-segmentation
 
   Old Mutual Wealth also announces the re-segmentation of the business into two divisions: ‘Advice and Wealth
    Management’ and ‘Wealth Platforms’. The Advice and Wealth Management segment will include: Intrinsic, which
    will be rebranded to Quilter Financial Planning; the multi-asset business, which will become Quilter Investors and
    Quilter Cheviot which will retain its name.

    The Wealth Platforms segment will include the UK Platform which will become Quilter Wealth Solutions and Old
    Mutual Wealth’s International business which will become Quilter International. The Heritage life assurance
    business in this segment will become Quilter Life Assurance.

    Old Mutual Wealth intends to rebrand the businesses within the segments over a period of approximately two years
    from separation from Old Mutual. There will be no immediate changes for customers.

    A re-presentation of historic financial disclosures on the new segmentation basis as well as reconciliations between
    the old and new segmentation are included in the presentation materials to be provided later today and will be on
    the Old Mutual website. This financial information is unaudited.

    Ongoing review of part of Old Mutual Global Investors

    Old Mutual Wealth and Old Mutual continue to assess, together with the management of Old Mutual Global
    Investors (‘OMGI’), internal and external structures for the single strategy business to continue to develop it further.
    OMGI management from the single strategy part of the business will not be presenting at today’s conference and
    the disclosed consolidated unaudited financial information will exclude contributions from the single strategy
    business.

    Third quarter results

    Old Mutual Wealth announced on 26 October 2017 net client cash flows for the nine months ended 30 September
    2017 of £7.3 billion and funds under management at 30 September 2017 of £131.3 billion with these figures
    inclusive of the contribution from the single strategy business within OMGI.

    The full announcement can be accessed using the following link: www.oldmutualplc.com/media/news/view-
    news.jsp?news-id=32292

    Old Mutual’s next scheduled update will be in March 2018 when it is expected to publish its 2017 full year financial
    results.

    Details of the webcast
    A webcast of the presentations and Q&A will be broadcast live. Those wishing to participate in the call can register
    for the webcast on the company website: www.oldmutualplc.com, dial the following numbers and quote the pass-
    code 35890947#:


    UK/International: +44 (0) 3333 000 804
    US: +1 631 913 1422
    South Africa: +27 216 724 118


    Playback will be available for 30 days from 15 November 2017, using passcode 301207556# using the following
    numbers:
    UK/International: +44 (0) 3333 000 819
    US: +1 866 931 1566
    South Africa: +27 216 724 123

    Presentation documents are available to download today from 12:00 GMT (14:00 South African time) at:
    www.oldmutualplc.com .
    Transcripts will be available from the Old Mutual website following the event.


    Enquiries:
    External communications
    Patrick Bowes                                      +44 20 7002 7440
    Investor relations
    Dominic Lagan (Old Mutual plc)                     +44 20 7002 7190
    John-Paul Crutchley (Old Mutual Wealth)            +44 20 7002 7016
    Kerry Adams-Strump (Old Mutual Wealth)             +44 20 7778 9637

    Media
    William Baldwin-Charles (Old Mutual plc)           +44 20 7002 7133
                                                       +44 7834 524833
    Vee Montebello (Old Mutual Wealth)                 +44 2077 789550
                                                       +44 7872 665149

    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 segmentally report as:

    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 Transnational 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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