OLD MUTUAL LIMITED - Admission of Old Mutual and Appointment of Advisors

Admission of Old Mutual and Appointment of Advisors

Old Mutual Limited
(Incorporated in the Republic of South Africa)
Registration number: 2017/235138/06
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual")


Ref 03/18
26 June 2018


ADMISSION OF OLD MUTUAL AND APPOINTMENT OF ADVISORS

Admission of Old Mutual

Old Mutual is pleased to announce that admission of, and commencement of unconditional
dealings in, the ordinary shares of Old Mutual to the Johannesburg Stock Exchange Limited
(JSE), the London Stock Exchange (LSE), the Namibian Stock Exchange, the Zimbabwe Stock
Exchange and the Malawi Stock Exchange took place at 9.00 a.m. SAST today.


Following the Second Scheme becoming effective on 25 June 2018, Old Mutual is now the
holding company of Old Mutual plc. The UK Listing Authority has cancelled the listing of Old
Mutual plc shares on the premium listing segment of the Official List and the LSE has
cancelled the trading of Old Mutual plc shares on the LSE's main market for listed securities, in
each case with effect from 9.00 a.m. SAST today. It is expected that Old Mutual plc shares
will be delisted from the JSE, the Namibian Stock Exchange, the Zimbabwe Stock Exchange
and the Malawi Stock Exchange on 29 June 2018.


Peter Moyo, Chief Executive Officer of Old Mutual, said: “What’s most exciting about our
listing as an independent, standalone entity is that it enables us to further unlock shareholder
value and create a business with a strong strategic focus on sub-Saharan Africa."


“Our investment case is strong and compelling. Our business remains highly cash generative
and is well-positioned in the right markets to drive added value from our franchises. We are
privileged to have a business with a robust capital and liquidity position, which will provide
the right catalyst to become a leading Pan-African financial services business."


“Exciting opportunities lie ahead for us as Old Mutual Limited and we look forward to
delivering sustainable profit growth and returns for our shareholders, and making meaningful
contributions to the societies in which we operate. By driving long-term economic growth in
Africa, we can positively impact the lives of all our customers and communities on the
continent,” concluded Moyo.


Appointment of Advisors


Old Mutual has, in addition to its current auditor, KPMG Inc., appointed Deloitte as a joint
external auditor to Old Mutual with effect from today, 26 June 2018.


BofA Merrill Lynch is acting as joint financial adviser and sponsor to Old Mutual in connection
with the Managed Separation.


Rothschild is acting as independent financial adviser to Old Mutual in connection with the
Managed Separation.


Defined terms used but not defined in this announcement have the meanings set out in the
pre-listing statement published by Old Mutual on 20 April 2018 (the “PLS”).


Sandton
26 June 2018


JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited


Enquiries

Investor Relations
Nwabisa Piki                           T: +27 (11) 217 1951
                                       M: +27 (0)83 846 1474
                                       E: npiki@oldmutual.com

Communications:
Tabby Tsengiwe                         T: +27 (11) 217 1953
                                       M: +27 (0)60 547 4947
                                       E: ttsengiwe@oldmutual.com


Notes to Editors

About Old Mutual Limited
Old Mutual is a premium African financial services group that offers a broad spectrum of
financial solutions to retail and corporate customers across key markets segments in 17
countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it
has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-
Saharan Africa, we are a crucial part of the communities we serve and broader society on
the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate
website at www.oldmutual.com.


FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements. By their nature, all forward-looking
statements involve risk and uncertainty because they relate to future events and
circumstances which are beyond Old Mutual Limited's control, including amongst other
things, those set out in the PLS. These forward-looking statements speak only as of the date
on which they are made. Old Mutual Limited expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any forward-looking statements
contained in this announcement or any other forward-looking statements they may make.

IMPORTANT INFORMATION

This announcement is not an offer to sell, or a solicitation of an offer to purchase, securities in
the United States or in any other jurisdiction.

The securities to which these materials relate have not been and will not be registered under
the US Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any
state or other jurisdictions of the United States, and may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. There will be no public offering of the securities
in the United States. The release, publication or distribution of this announcement and the PLS
in jurisdictions other than South Africa, the United Kingdom, Malawi, Namibia and Zimbabwe
may be restricted by law and therefore persons in whose possession any of this
announcement or the PLS comes should inform themselves about, and observe, any such
applicable restrictions or requirements. Any failure to comply with such restrictions or
requirements may constitute a violation of the securities laws and regulations of any such
jurisdiction. To the fullest extent permitted by applicable law, Old Mutual Limited disclaims
any responsibility or liability for the violation of such restrictions or requirements by any person.
This announcement does not comprise a prospectus or a prospectus equivalent document.
Neither this announcement nor anything contained herein shall form the basis of, or be relied
upon in connection with, any offer or commitment whatsoever in any jurisdiction.

The information contained in this announcement constitutes factual information as
contemplated in section 1(3)(a) of the South African Financial Advisory and Intermediary
Services Act, 37 of 2002, as amended ("FAIS Act") and should not be construed as an express
or implied recommendation, guide or proposal that any particular transaction in respect of
any securities or in relation to the business or future investments of Old Mutual Limited is
appropriate to the particular investment objectives, financial situations or needs of a
prospective investor. Nothing in this announcement should be construed as constituting the
canvassing for, or marketing or advertising of, financial services in South Africa, the United
Kingdom, Malawi, Namibia, Zimbabwe or any other jurisdiction.

Date: 26/06/2018 09:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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