| Thu 30 Sep 2010, 10:05 | | OML - Old Mutual Plc - Renewal of cautionary announcement by Nedbank Group |
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OML
OLOML
OML - Old Mutual Plc - Renewal of cautionary announcement by Nedbank Group
Limited
OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926
RENEWAL OF CAUTIONARY ANNOUNCEMENT BY NEDBANK GROUP LIMITED
Nedbank released a renewal of cautionary announcement today in relation to
the previous cautionary announcement released by it on 23 August 2010, wherein
Nedbank shareholders were informed that Old Mutual had advised the Board of
Directors of Nedbank Group that it had received a proposal from HSBC Holdings
plc ("HSBC") to acquire a controlling interest in Nedbank Group. Nedbank advised
its shareholders today that the process leading up to a potential offer is
ongoing.
Old Mutual has also published the full text of the Nedbank announcement referred
to above, today.
Old Mutual will communicate further material developments in this regard in due
course.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
External Communications
Patrick Bowes UK +44 (0)20 7002 7440
Investor Relations
Deward Serfontein SA +27 (0)82 810 5672
Aleida White UK +44 (0)20 7002 7287
Media
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
Rob Pinker (Brunswick) SA +27 (0)11 507 7300
Marina Bidoli SA +27 (0)11 507 7300
(Brunswick)
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 Old Mutual 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 Old Mutual Group has
approximately 54,000 employees.
30 September 2010
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 30/09/2010 10:05:02 Produced by the JSE SENS Department.
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