NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO US
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS.
This announcement is not an offer of the Old Mutual plc shares (the "ordinary
shares") for sale into the United States. The 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 ordinary shares into the United
States.
Old Mutual Plc - Result Of Placing Of Ordinary Shares
Old Mutual Plc
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
RESULT OF PLACING OF ORDINARY SHARES
Further to the announcement regarding the proposed placing ("the Placing") of
new ordinary shares to raise approximately 36 million (after the deduction of
commissions and expenses), Old Mutual plc is pleased to announce that 49,520,000
new ordinary shares ("the Placing Shares") have been successfully placed at a
price of 74p per ordinary share following completion of an accelerated
bookbuilding process.
The Placing Shares will rank pari passu with Old Mutual`s existing ordinary
shares of 10p each, including the right to participate in all dividends and
other distributions declared, paid or made after the date of this announcement
on or in respect of such shares.
7 March 2003
Enquiries:
Old Mutual London
Don Hope Tel: +44 20 7569 0124
James Poole Tel: +44 20 7569 0100
Merrill Lynch Tel: +44 20 7628 1000
Rupert Hume-Kendall
Michael Findlay
College Hill London Tel: +44 20 7457 2020
Tony Friend
This announcement does not constitute an offer to sell or issue, or constitute
the solicitation of an offer, in any jurisdiction in which such offer is
unlawful.
This announcement does not constitute an invitation to underwrite, subscribe for
or otherwise acquire or dispose of any ordinary shares. Past performance is no
guide to future performance and persons needing advice should consult an
independent financial adviser.
Merrill Lynch is acting for Old Mutual in connection with the Placing and no one
else, and will not be responsible to anyone other than Old Mutual for providing
the protections afforded to clients of Merrill Lynch or for giving advice in
relation to the Placing.
Date: 07/03/2003 09:00:00 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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