TIDMOMU

RNS Number : 4501Z

Old Mutual Limited

17 May 2019

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 21/19

17 May 2019

B-BBEE CERTIFICATE

Shareholders are referred to the SENS announcement on 29 March 2019, advising shareholders of, inter alia, a consultation process in relation to the recognition of value distributed to B-BBEE shareholders through the unbundling of an asset in Old Mutual's B-BBEE scorecard. This consultation process involved the Association for Savings and Investments South Africa ("ASISA") and the Financial Services Transformation Council ("FSTC"). Shareholders were advised that the outcome of this process would impact the recognition of the value of assets distributed by Old Mutual to its B-BBEE shareholders during 2018 as part of the Managed Separation and that Old Mutual would re-issue its B-BBEE certificate following completion of the consultation process.

Old Mutual is pleased to announce that the FSTC has now confirmed the recognition principles in respect of the value distributed by Old Mutual to its B-BBEE shareholders as part of Managed Separation. In accordance with these recognition principles, Old Mutual's deemed Black South African ownership percentage was 22.8% as at 31 December 2018. A revised B-BBEE certificate was issued on 30 April 2019 and is available on the Company's website at: www.oldmutual.co.za/about-us/transformation/black-empowerment/bee-certificates.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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