Notice of early redemption

RNS Number : 8114T

Old Mutual PLC

12 December 2011

 



Ref 225/11

12 December 2011

NOTICE OF EARLY REDEMPTION

to the holders of the

OLD MUTUAL PLC

EUR750,000,000 Fixed to Floating Rate Callable Option A Dated Tier 2 Notes due 2017 (the "Notes")

ISIN: XS0282807428

Common Code: 028280742

NOTICE IS HEREBY GIVEN to the holders of the outstanding Notes of Old Mutual plc (the "Issuer") that, pursuant to the Final Terms of the Notes and Condition 7(d) (Redemption at the option of the Issuer (Issuer Call)), the Issuer hereby will redeem all outstanding Notes on 18 January 2012 (the "First Call Date") at their principal amount together with accrued and unpaid interest to (but excluding) the First Call Date.

Notice of the proposed redemption has been given to the Financial Services Authority and no notice of objection has been given by the Financial Services Authority.

Terms used in this Notice and not defined herein shall have the same meaning given to them in the Terms and Conditions of the Notes.

Payment of the redemption monies will be made through Euroclear Bank SA/NV and Clearstream Banking, société anonyme, in accordance with their standard procedures.

For and on behalf of

Old Mutual plc

12 December 2011

Enquiries

External Communications / Investor Relations
Patrick Bowes		[phone]
Media
William Baldwin-Charles		[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 to more than 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations. 

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

 

END

 

 

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