OLD MUTUAL LIMITED - Old Mutual Share Repurchase Programme - Dealings in Own Shares

Old Mutual Share Repurchase Programme - Dealings in Own Shares

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)


Ref 45/19
09 October 2019


OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES

Old Mutual announces that between 03 October and 08 October 2019 it purchased
the following number of its ordinary shares on the Johannesburg Stock Exchange
(“JSE”)   through   RMB   Morgan   Stanley    (Pty)   Ltd   (“Repurchased   Shares”).   Such
purchase was effected pursuant to instructions issued by Old Mutual on 4 September
2019 , as part of its up to R2.4 billion share repurchase programme announced on
2 September 2019.


Ordinary Shares
Dates of purchase                                           03 October – 08 October 2019
Aggregate Number of ordinary shares                                           23 610 393
purchased:
Highest price paid per share (cents):                                              2 025
Lowest price paid per share        (cents):                                        1 910


The Repurchased Shares shall be cancelled as issued shares and will revert to
authorised but unissued share capital status. Following the shares purchased to
date by Old Mutual under the share repurchase programme Old Mutual will have
4,708,553,649 ordinary shares in issue. This figure may be used by shareholders
as the denominator for purposes of calculating their percentage interest in Old
Mutual's issued share capital, to the extent required, for purposes of the South
African Companies Act, 2008 (having regard to sections 122 and 123 thereof in
particular) or whether they are required to notify their interest in, or a change
to their interest     in, Old Mutual under the FCA's Disclosure Guidance and
Transparency Rules.


The repurchase above concludes the programme announced on 02 September 2019. The
aggregate number of share repurchased amounts to 122 711 199, at a weighted
average price of R19.49, resulting in a total cash outflow of R2.4 billion.

Schedule of purchases - aggregate information
Trading venue           Date                  Volume weighted               Daily
                                                average price          aggregated
                                                   (cents per              volume
                                                       share)
JSE                     03 October 2019                1 940            6 260 145
JSE                     04 October 2019                1 975            6 573 477
JSE                     07 October 2019                1 997            6 490 121
JSE                     08 October 2019                2 009            4 286 650


In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), detailed information of the individual trades made by RMB
Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is
available      on   https://www.oldmutual.com/investor-relations/share-repurchase-
information.


An announcement will be published in terms of the JSE Listings Requirements
when the Company has cumulatively repurchased 3% of the securities in issue.


This announcement is also available on the Old Mutual website at
www.oldmutual.com.


Sandton


Sponsors

Johannesburg Stock              Merrill Lynch South Africa (Pty) Limited
Exchange

Namibia                         PSG Wealth Management (Namibia) (Proprietary)
                                Limited

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Enquiries


Investor Relations
                                T: +27 (11) 217 1163
Sizwe Ndlovu
                                E: tndlovu6@oldmutual.com
Head of Investor Relations
Communications:
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947
                             E: ttsengiwe@oldmutual.com




Notes to Editors


Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 14 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and it has a niche business in China. With over
174 years of heritage across sub-Saharan Africa, we are a crucial part of the
communities we serve and broader society on the continent.


For further information on Old Mutual, and its underlying businesses, please
visit the corporate website at www.oldmutual.com.

Date: 09/10/2019 05:30:00
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