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OML
OLOML
OML - Old Mutual Plc - Update on the sale of US Life
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual plc
Update on the sale of US Life
Old Mutual plc is pleased to announce that the Maryland Insurance
Administration has approved the acquisition of OM Financial Life Insurance
Company by Harbinger Group Inc.
Approval for the sale is still required from the New York State Insurance
Department (NYSID).
Closing preparations are continuing to take place and completion is expected
to occur in due course once approval has been obtained from NYSID.
A further announcement will be made on closing of the transaction.
Ends
Enquiries
External Communications
Patrick Bowes +44 (0)20 7002 7440
Investor Relations
Deward Serfontein SA +27 (0)82 810 5672
Aleida White UK +44 (0)20 7002 7287
Media
William Baldwin-Charles +44 (0)20 7002 7133
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 to more than
15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc
is listed on the London Stock Exchange and the Johannesburg Stock Exchange,
among others.
In the year ended 31 December 2010, the Group reported adjusted operating
profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion
of funds under management, from core operations.
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
1 April 2011
Sponsor:
Merrill Lynch SA (Pty) Limited
Date: 01/04/2011 08:00:02 Produced by the JSE SENS Department.
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