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

Release Date: 26/09/2019 15:00
Code(s): OMU     PDF:  
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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
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)

Ref 41/19
26 September 2019


Old Mutual announces that between 19 September and 25 September 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                                        19 September – 25 September
Aggregate Number of ordinary shares                                            19 293 712
Highest price paid per share (cents):                                                 2 054
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
4,752,358,405 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.

Schedule of purchases - aggregate information

Trading venue          Date               Volume weighted      Daily
                                          average price        aggregated
                                          (cents per           volume
JSE                    19 September                    2 013            6 197 825
JSE                    20 September                    2 019            6 466 750
JSE                    23 September                    1 949            3 540 437
JSE                    25 September                    1 933            3 088 700

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

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



Johannesburg Stock Exchange     Merrill Lynch South Africa (Pty) Limited

Namibia                         PSG Wealth Management (Namibia) (Proprietary)

Zimbabwe                        Imara Capital Zimbabwe plc

Malawi                          Stockbrokers Malawi Limited


Investor Relations
                                T: +27 (11) 217 1163
Sizwe Ndlovu
Head of Investor Relations
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947

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

Date: 26/09/2019 03:00:00
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