Amendment to Notes

RNS Number : 1405K

Old Mutual PLC

13 April 2010

 



Ref   28/10

13 April 2010

Amendment to USD1,630,700,000 Floating Rate Notes due 28 April 2013 (ISIN: GB00B2R6HG93), £1,550,000 Floating Rate Notes due 28 April 2013 (ISIN: GB00B2R6HK30), USD522,000,000 Floating Rate Notes due 1 December 2013 (ISIN: GB00B00DDY30) and USD224,400,000 Floating Rate Notes due 17 December 2013 (ISIN: GB00B3F3ZR60) (together the "Notes") of Old Mutual plc

NOTICE IS HEREBY GIVEN that the terms of the Notes have been amended with effect from 13 April 2010 such that Condition 10(a)(vii) of the Notes has been deleted in its entirety and Condition 10 (a)(iv) of the Notes has been amended with the result that the cessation of business by a Principal Subsidiary of Old Mutual plc, where such cessation is as a result of or in connection with any transfer, sale or disposal on arms' length terms of any or all of its undertaking or assets, will not trigger an Event of Default under the Conditions of the Notes.

Capitalised terms used in this announcement shall bear the meanings given to them in the Trust Deed relating to the Notes between, among other parties, Old Mutual plc and HSBC Corporate Trustee Company (UK) Limited dated 31 August 2000 as amended, restated and/or supplemented from time to time.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Don Hunter (Finsbury)	UK	[phone]

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 in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.

 

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