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15 May 2017 OM Asset Management announces launch of secondary offering and entry into private repurchase agreement

Old Mutual plc ('Old Mutual') today announces that OM Asset Management plc ('OMAM') has launched a public offering of 17.3 million of its ordinary shares. The ordinary shares are being offered by Old Mutual, through its wholly owned subsidiary, OM Group (UK) Limited. The underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at the price set forth in the prospectus supplement.

In addition, on 14 May 2017, OMAM entered into a Repurchase Agreement with Old Mutual plc and OM Group (UK) Limited pursuant to which OMAM agreed to repurchase 5 million ordinary shares directly from OM Group (UK) Limited in a private transaction at the price per ordinary share set forth in the prospectus supplement relating to the concurrent public offering. The closing of this repurchase transaction is subject to various conditions, including the closing of the public offering.

Morgan Stanley & Co. LLC is acting as sole book running manager for the offering. The public offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the 'SEC'). A preliminary prospectus supplement relating to the public offering, subject to completion, has been filed with the SEC, and a final prospectus supplement relating to the public offering will be filed with the SEC. Interested parties should read the prospectus included in the registration statement and the prospectus supplement for the public offering, and other documents that OMAM has filed with the SEC for more complete information about OMAM and the public offering.

Copies of the preliminary prospectus supplement relating to the public offering may be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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