NEDBANK GROUP LIMITED - Announcement regarding the admission of Old Mutual Limited to the main board of the Johannesburg Stock Exchange

Release Date: 26/06/2018 15:55
Code(s): NED
 
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Announcement regarding the admission of Old Mutual Limited to the main board of the Johannesburg Stock Exchange

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")

ANNOUNCEMENT REGARDING THE ADMISSION OF OLD MUTUAL LIMITED TO THE MAIN
BOARD OF THE JOHANNESBURG STOCK EXCHANGE

Nedbank Group shareholders are referred to the announcements published on 11 March 2016, 28 June
2016, 1 November 2017 and 20 April 2018 relating to Old Mutual plc´s managed separation strategy
(`Managed Separation´), which entails, among other things, the creation of a new South African holding
company, Old Mutual Limited (`OML´).

The admission of, and commencement of unconditional dealings in, the ordinary shares of OML to the
Johannesburg Stock Exchange Limited as a primary listing and also to the London Stock Exchange,
the Namibian Stock Exchange, the Zimbabwe Stock Exchange and the Malawi Stock Exchange took
place at 9.00 a.m. SAST today, 26 June 2018. For full details, Nedbank Group shareholders are
referred to the announcement published by OML today.

As previously communicated, the admission of OML is the precursor to the third and final step of the
Managed Separation which will entail the reduction of OML´s shareholding in Nedbank Group to a
minority shareholding of 19.9% in Nedbank Group´s ordinary shares, held through OML’s shareholder
funds (`Strategic Minority Shareholding´), through a distribution of Nedbank Group ordinary shares to
OML shareholders on the OML share register at that time (`Nedbank Unbundling´). It is anticipated that
the Nedbank Unbundling will take place approximately six months from the date of the admission of
OML as set out above.

Nedbank Group shareholders will be kept appropriately informed of further developments regarding the
Nedbank Unbundling.

Sandton

26 June 2018

Financial Advisors to Nedbank Group in South Africa:
Deutsche Bank
Nedbank CIB

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank CIB

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

Legal Advisors to Nedbank Group:
ENSafrica

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