QUILTER PLC - Share buyback programme

Share buyback programme

QUILTER PLC
(previously, Old Mutual Wealth Management Limited)
Incorporated under the Companies Act 1985 with registered number 06404270 and re-registered as a
public limited company under the Companies Act 2006)
ISIN CODE: GB00BDCXV269
JSE SHARE CODE: QLT
Quilter plc (the "Company")


11 March 2020

                                              Quilter plc

                                     Share buyback programme

Quilter plc (the Company) announces that, in connection with the capital return of up to £375 million
which it announced on 2 January 2020, it is commencing a share buyback programme (the
Programme) to purchase shares with a value of up to £375 million subject to remaining within
certain pre-set parameters in order to reduce the share capital of the Company. The Programme will
be subject to staged regulatory approval and the Board will keep the programme under review to
make sure it continues to be the most efficient and effective means of returning capital to
shareholders.

In connection with the initial tranche of the Programme, the Company has entered into an agreement
with J.P. Morgan Securities plc (JPMS plc) under which it has issued an irrevocable instruction to
JPMS plc to manage the share buyback programme in respect of shares to be purchased by the
Company on European trading venues including the London Stock Exchange (the UK Buyback). An
additional agreement has been entered into with J.P. Morgan Equities South Africa Propriety Limited
(JPMESA) in respect of shares to be purchased by the Company on the Johannesburg Stock
Exchange (the SA Buyback). JPMS plc and JPMESA will carry out the instruction during the period
starting on 11 March 2020 and ending no later than 6 May 2020 (the Purchase Period) through the
acquisition of ordinary shares in the Company for subsequent repurchase by the Company. The
maximum consideration payable by the Company under this initial tranche of the Programme is
approximately up to £22.5 million in respect of the SA Buyback and up to £22.5 million in respect of
the UK Buyback, but in respect of the UK Buyback may be increased by up to a further £5 million
subject to the determination of the aggregate consideration payable by the Company under the Odd-
lot Offer that has also been announced today.

Any shares repurchased under the Programme will be effected in accordance with Chapter 12 of the
Listing Rules of the Financial Conduct Authority, the Market Abuse Regulation 596/2014 and the
Company’s authorities to repurchase shares and will be discontinued in the event the Company
ceases to have the necessary authorities to repurchase ordinary shares.

The Company will cancel the repurchased shares.

JPMS plc and/or its affiliates may undertake transactions in Shares (which may include sales and
hedging activities, in addition to purchases which may take place on any available trading venue or
on an over the counter basis) during the Purchase Period in order to manage its market exposure
under the Programme. Disclosure of such transactions will not be made by JPMS plc and/or its
affiliates as a result of or as part of the Programme, but JPMS plc and/or its affiliates will continue to
make any disclosures it is otherwise legally required to make.
Enquiries:

John-Paul Crutchley – Head of Investor Relations           Tel: +44 (0)20 7002 7016

Jane Goodland – Corporate Affairs Director                 Tel: +44 (0)77 9001 2066

Patrick Gonsalves – Company Secretary                      Tel: + 44 (0)20 7778 9670




About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create
prosperity for the generations of today and tomorrow.

Quilter plc oversees £110.4 billion in customer investments (as at 31 December 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset
investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth
Platforms.

Advice and Wealth Management encompasses the financial planning businesses, Quilter Financial
Planning, Quilter Private Client Advisers and Quilter Financial Advisers; the discretionary fund
management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions
business. Wealth Platforms includes the Old Mutual Wealth UK Platform and Quilter International.

Since its IPO in June 2018, the Group’s businesses have progressively re-branded to Quilter. The UK
Platform will be the final business to rebrand; this will follow the safe delivery of the new platform
technology. Descriptor for re-branded business units:

Previous                                            New
Intrinsic                                           Quilter Financial Planning
Old Mutual Wealth Private Client Advisers           Quilter Private Client Advisers
Quilter Investors                                   Quilter Investors
Quilter Cheviot                                     Quilter Cheviot
UK Platform                                         Quilter Wealth Solutions
International                                       Quilter International




JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 11-03-2020 09:02:00
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