OLD MUTUAL LIMITED - Old Mutual Share Repurchase Programme - Dealings in Own Shares

Old Mutual Share Repurchase Programme - Dealings in Own Shares

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)

Ref 06/19
27 March 2019

          OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 20 March 2019 and 26 March 2019 it purchased
the following number of its ordinary shares on the Johannesburg Stock Exchange
(“JSE”)   through    RMB   Morgan   Stanley   (Pty)     Ltd   (“Repurchased   Shares”).     Such
purchase was effected pursuant to instructions issued by Old Mutual on 13 March
2019, as part of its up to R2 billion share repurchase programme announced on
11 March 2019.

Ordinary Shares
Dates of purchase                                             20 March 2019 to 26 March 2019
Aggregate Number of ordinary shares purchased:                                  14 206 392
Highest price paid per share (cents):                                                 2 225
Lowest price paid per share     (cents):                                              2 139


The Repurchased Shares shall be cancelled as issued shares and will revert to
authorised but unissued share capital status. Following the shares purchased to
date by Old Mutual under the share repurchase programme Old Mutual will have
4,914,446,783 ordinary shares in issue. This figure may be used by shareholders
as the denominator for purposes of calculating their percentage interest in Old
Mutual's issued share capital, to the extent required, for purposes of the
South   African     Companies   Act,   2008   (having    regard   to   sections 122   and    123
thereof in particular) or whether they are required to notify their interest
in, or a change to their interest in, Old Mutual under the FCA's Disclosure
Guidance and Transparency Rules.
Schedule of purchases - aggregate information

Trading venue          Date               Volume weighted     Daily
                                          average price       aggregated
                                          (cents per share)   volume
JSE                    20 March 2019      2 196               2 872 756
JSE                    22 March 2019      2 190               4 086 334
JSE                    25 March 2019      2 157               4 302 295
JSE                    26 March 2019      2 194               2 945 007


In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), detailed information of the individual trades made by RMB
Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is
available      on   https://www.oldmutual.com/investor-relations/share-repurchase-
information.


An announcement will be published in terms of the JSE Listings Requirements
when the Company has cumulatively repurchased 3% of the securities in issue.


This announcement is also available on the Old Mutual website at
www.oldmutual.com.


Sponsors

Johannesburg Stock Exchange     Merrill Lynch South Africa (Pty) Limited

Namibia                         PSG Wealth Management (Namibia) (Proprietary)
                                Limited

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Enquiries


Investor Relations
                                T: +27 (0)11 217 1163
Sizwe Ndlovu
                                E: tndlovu6@oldmutual.com
Head of Investor Relations

Communications:
Tabby Tsengiwe                  T: +27 (11) 217 1953
Head of Communications          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.

Date: 27/03/2019 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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