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OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Amendment, delisting and deregistration of programme memorandum - OLDM

Release Date: 01/04/2020 09:00
Code(s): OML06 OML07 OML09 OML10 OML11 OML08     PDF:  
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Amendment, delisting and deregistration of programme memorandum - OLDM

Old Mutual Life Assurance Company (South Africa) Limited
(incorporated in the Republic of South Africa)
Registration number 1999/004643/06
JSE alpha code: OLDM
(“OMLACSA”)

AMENDMENT, DELISTING AND DEREGISTRATION OF PROGRAMME MEMORANDUM

OMLACSA established a ZAR4,000,000,000 Unsecured Subordinated Callable Note Programme, which size was
subsequently increased to ZAR10,000,000,000 pursuant to an amended and restated programme memorandum
dated 23 May 2019 (the “Previous OMLACSA Programme”). Old Mutual Insure Limited (“Old Mutual Insure”)
previously established a ZAR1,000,000,000 Unsecured Subordinated Callable Note Programme pursuant to a
programme memorandum dated 3 April 2019 (the “Previous Old Mutual Insure Programme”).

OMLACSA and Old Mutual Insure consolidated the Previous OMLACSA Programme and the Previous Old Mutual
Insure Programme to create a single note programme, pursuant to a newly established OMLACSA, Old Mutual Insure
and Old Mutual Limited ZAR25,000,000,000 Multi-Issuer Note Programme pursuant to the programme
memorandum dated 4 March 2020 (the “Multi-Issuer Programme Memorandum”), which was approved by the JSE
Limited on 11 March 2020.

Noteholders are advised that pursuant to the Noteholders consents received on 21 February 2020, the following
Applicable Pricing Supplements:

    1.   Applicable Pricing Supplement (OML04);
    2.   Applicable Pricing Supplement (OML05);
    3.   Applicable Pricing Supplement (OML06);
    4.   Applicable Pricing Supplement (OML07);
    5.   Applicable Pricing Supplement (OML08);
    6.   Applicable Pricing Supplement (OML09);
    7.   Applicable Pricing Supplement (OML10); and
    8.   Applicable Pricing Supplement (OML11)

which existed under the Previous OMLACSA Programme, have been amended and restated by migrating their
respective existing terms to the Multi-Issuer Programme Memorandum.

Noteholders are further advised of the deregistration of the listing of the Previous OMLACSA Programme, effective
18 March 2020. All new notes to be issued by OMLACSA will be issued pursuant to the Multi-Issuer Programme
Memorandum.

The Multi-Issuer Programme Memorandum and the amended and restated Applicable Pricing Supplements are
available on the following link:

https://www.oldmutual.com/investor-relations/debt-investors/debt-investor-overview


Johannesburg
1 April 2020

Debt Sponsor
Nedbank Limited, acting through its Nedbank Corporate and Investment Banking division

Date: 01-04-2020 09:00:00
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