| Thu 30 Sep 2010, 10:06 | | 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 Group Limited ("Nedbank Group"), the majority owned South African
banking subsidiary of Old Mutual plc, released an announcement on SENS today.
The following is the full text of Nedbank Group`s announcement:
"Shareholders are referred to the cautionary announcement released by Nedbank
Group on 23 August 2010, in which shareholders were informed that Old Mutual plc
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.
In the aforementioned announcement, Nedbank Group indicated that the making of a
binding offer by HSBC is subject to a number of pre-conditions. The process
leading up to a potential offer is ongoing and accordingly, shareholders are
advised to continue to exercise caution when dealing in Nedbank Group`s
securities until a further announcement is made."
For further information on Nedbank Group Limited, please visit the corporate
website at www.nedbank.co.za
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 10:06:02 Produced by the JSE SENS Department.
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