| Fri 16 Oct 2009, 10:00 | | OML - Old Mutual Plc - Completion of Bankhall sale |
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OML
OLOML
OML - Old Mutual Plc - Completion of Bankhall sale
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
COMPLETION OF BANKHALL SALE
Old Mutual plc announces that its UK subsidiary Skandia UK Holdings Limited has
completed the sale of the Bankhall Group (consisting of Bankhall Investment
Management Limited, IFA Engine Limited, Portfolio Member Services (Holdings)
Limited and their respective subsidiaries) to Sesame Group Limited, a subsidiary
of Friends Provident plc. The transaction is part of Old Mutual`s continuing
commitment to streamline its operations. The total gross assets disposed of are
GBP11.8m.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew Gregorowski UK / SA +44 (0)20 7002 7133
+44 (0)7748 183 834
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
Sponsor
Merrill Lynch South Africa (Pty) Limited
Notes to Editors
Bankhall Group
In the year ended 31 December 2008 the turnover of the Bankhall Group of
companies was GBP16.8m.
At the 2008 year end the Bankhall Group employed 224 people.
Old Mutual
Old Mutual plc is a leading international long-term savings Group. Originating
in South Africa in 1845, the Group provides life assurance, asset management,
banking and general insurance in Europe, the Americas, Africa and Asia. Old
Mutual plc is listed on the London Stock Exchange and the JSE, among others.
In the year ended 31 December 2008, the Group reported adjusted operating profit
of GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds under
management at the year end. The Group has approximately 57,000 employees.
Date: 16/10/2009 10:00:01 Produced by the JSE SENS Department.
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