| Wed 14 Apr 2010, 7:08 | | OML - OLD Mutual Plc - Press Release |
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OML
OLOML
OML - OLD Mutual Plc - Press Release
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Press Release
Ref 28/10
Amendment to USD1,630,700,000 Floating Rate Notes due 28 April 2013 (ISIN:
GB00B2R6HG93), GBP1,550,000 Floating Rate Notes due 28 April 2013 (ISIN:
GB00B2R6HK30), USD522,000,000 Floating Rate Notes due 1 December 2013 (ISIN:
GB00B00DDY30) and USD224,400,000 Floating Rate Notes due 17 December 2013
(ISIN: GB00B3F3ZR60) (together the "Notes") of Old Mutual plc
NOTICE IS HEREBY GIVEN that the terms of the Notes have been amended with
effect from 13 April 2010 such that Condition 10(a)(vii) of the Notes has been
deleted in its entirety and Condition 10 (a)(iv) of the Notes has been amended
with the result that the cessation of business by a Principal Subsidiary of
Old Mutual plc, where such cessation is as a result of or in connection with
any transfer, sale or disposal on arms` length terms of any or all of its
undertaking or assets, will not trigger an Event of Default under the
Conditions of the Notes.
Capitalised terms used in this announcement shall bear the meanings given to
them in the Trust Deed relating to the Notes between, among other parties, Old
Mutual plc and HSBC Corporate Trustee Company (UK) Limited dated 31 August
2000 as amended, restated and/or supplemented from time to time.
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
Don Hunter UK +44 (0)20 7251 3801
(Finsbury)
14 April 2010
Sponsor: Merrill Lynch South Africa (Pty) Limited
Notes to Editors
Old Mutual
Old Mutual plc is an international long-term savings, protection and
investment 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 2009, the Group reported adjusted operating
profit before tax of GBP1.2 billion (on an IFRS basis) and had GBP285 billion
of funds under management at the year end. The Group has approximately 54,000
employees.
Date: 14/04/2010 07:08:02 Produced by the JSE SENS Department.
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