OLD MUTUAL INSURE LIMITED - Unbundling by Old Mutual of a portion of it shareholding in Nedbank Group Limited

Unbundling by Old Mutual of a portion of it shareholding in Nedbank Group Limited

OLD MUTUAL INSURE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/006619/06)
JSE alpha code: MFEI
(“Old Mutual Insure”)

UNBUNDLING BY OLD MUTUAL LIMITED OF A PORTION OF ITS SHAREHOLDING IN
NEDBANK GROUP LIMITED

Old Mutual Insure hereby notifies its debt investors that Old Mutual Limited
(“Old Mutual”) has released an announcement that it will, subject to
obtaining all requisite regulatory approvals, including Prudential Authority
approval, unbundle a portion of its shareholding in the issued ordinary share
capital of Nedbank Group Limited to the ordinary shareholders of Old Mutual
(“the Unbundling Announcement”).

Old Mutual is the ultimate holding company of Old Mutual Insure.

The Unbundling Announcement is available on Old Mutual’s website   at
https://www.oldmutual.com/investor-relations/debt-investors.


23 June 2021

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 23-06-2021 05:46:00
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.