Old Mutual : Annual General Meeting

Old Mutual plc ('Old Mutual') will be holding its Annual General Meeting ('AGM') at 11am (UK time) today, 30 April 2018.

Old Mutual's businesses continue to trade in line with its expectations as outlined in its full year results published on 15 March 2018.

Quilter plc ('Quilter') has today released a trading update for the first quarter of this year. Quilter reported that Net Client Cash Flow ('NCCF') for the first quarter was up 14% on the prior period at £1.6 billion (excluding Single Strategy), with Assets under Management/Administration down (2)% to £111.6 billion (excluding Single Strategy) with negative market movements partially offset by the strong NCCF. The full trading update can be found at https://www.oldmutualwealth.co.uk/quilter/investor-relations/.

Old Mutual Limited group's continuing operations have started the year on a positive note and results from operations are trading in line with management expectations. Since the year end, shareholder investment returns reflect the impact of lower equity markets in South Africa and particularly in Zimbabwe. Management remains focused on managing the cost base tightly and delivering on its communicated strategy.

Nedbank Group's performance for the three months to 31 March 2018 was in line with management expectations. In accordance with normal practice, the Nedbank Group will provide a performance update at its AGM on 10 May 2018.

On 20 April 2018, Old Mutual plc announced a detailed timetable for the final stages of its managed separation. Full details can be found at https://www.oldmutualplc.com/media/news/index.jsp/.