OLD MUTUAL PLC - EXERCISE OF OVER-ALLOTMENT OPTION
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS
This announcement is not an offer of the Old Mutual ordinary shares for sale
into the United States. The Old Mutual ordinary shares have not been and
will not be registered under the US Securities Act of 1933 and may not be
offered or sold in the United States unless they are registered or exempt
from registration. There will be no public offer of Old Mutual shares into
the United States.
OLD MUTUAL PLC
ISIN CODE: GB0007389926
SHARE CODE: OML
ISSUER CODE: OLOML
Exercise of Over-Allotment Option
Further to the announcement dated 30 May 2002 of the release of the lock-up
arrangements between Old Mutual plc ("Old Mutual") and St. Paul Fire and
Marine Insurance Company ("St. Paul") and the associated placing of
190,356,631 ordinary shares held by St. Paul and of a further 38,071,326
existing or new ordinary shares in Old Mutual (the "Placing"), Old Mutual is
pleased to announce that Merrill Lynch International has exercised, on
behalf of the managers to the Placing, the over-allotment option (the "Over-
allotment Option"), leading to the issue on 5 June 2002 of 38,071,326 new
ordinary shares in Old Mutual. Net proceeds from the exercise of the Over-
allotment Option are approximately 39.3 million and will be used for
general commercial purposes.
Following the issue of the new ordinary shares, the issued share capital of
Old Mutual now comprises 3,782,339,383 ordinary shares.
6 June 2002
ENQUIRIES:
Old Mutual Martin Murray
+44 20 7569 0100
Merrill Lynch Derek Ross
Rupert Hume-Kendall
+44 20 7628 1000
UBS Warburg Alex Wilmot-Sitwell
Philip Ellick
+44 20 7567 8000
College Hill Tony Friend
+44 20 7457 2020
Stabilisation / FSA
Date: 06/06/2002 08:00:43 AM Produced by the SENS Department
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