OM Asset Management Announces Pricing of Secondary Offering OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Old Mutual Ref 265/17 15 November 2017 OM ASSET MANAGEMENT ANNOUNCES PRICING OF SECONDARY OFFERING OM Asset Management plc ('OMAM') today announces the pricing of a public offering of 6,039,630 of its ordinary shares for aggregate proceeds of approximately $94 million. The public offering is expected to close on 17 November 2017. The ordinary shares are being offered by Old Mutual plc (‘Old Mutual’), through its wholly owned subsidiary, OM Group (UK) Limited. OMAM will not sell any shares in the offering and will not receive any proceeds from the sale of the shares. The proceeds to Old Mutual from the proposed offering are expected to be used for general corporate purposes. Following the sale, Old Mutual will own 1,000 ordinary shares in OMAM. Morgan Stanley & Co. LLC is acting as sole book running manager for the offering. The public offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the public offering, subject to completion, has been filed with the SEC, and a final prospectus supplement relating to the public offering will be filed with the SEC. Interested parties should read the prospectus included in the registration statement and the prospectus supplement for the public offering, and other documents that OMAM has filed with the SEC for more complete information about OMAM and the public offering. Copies of the preliminary prospectus supplement relating to the public offering may be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 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 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. Sponsor: Merrill Lynch South Africa (Pty) Ltd Joint Sponsor: Nedbank Corporate and Investment Banking INVESTMENT | SAVINGS |INSURANCE | BANKING Date: 15/11/2017 04:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.