21st Sep 2005 12:00
Old Mutual PLC21 September 2005 Old Mutual plc This announcement and the information contained herein are restricted and are not for release, publication or distribution, in whole or in part, in or into the United States, Canada, Australia or Japan Old Mutual Commits To Maintaining Existing Governance At Skandia Liv Old Mutual has today publicly confirmed its intentions around the mutual companySkandia Liv, given the proposed acquisition of Skandia AB by Old Mutual. Old Mutual has confirmed that Skandia Liv will remain a mutual company. OldMutual is committed to maintaining the existing governance structure of SkandiaLiv within which Skandia Liv has a separate and independent Board from SkandiaAB. Investment strategy and investment policy decisions will continue to be madeby the Board and Investment Committee of Skandia Liv with their clients' bestinterests in mind. Old Mutual is very satisfied with and supportive of the current governancearrangements and sees no need for alterations to be made. These commitments will be reflected in Old Mutual's prospectus. 21 September 2005 ENQUIRIES: Old Mutual plcAndrew Parkins - Investor Relations +44 (0) 20 7002 7264Miranda Bellord - Media Relations +44 (0) 20 7002 7133 College HillAlex Sandberg +44 (0) 20 7457 2020Tony Friend +44 (0) 20 7457 2020 For further details about Old Mutual plc visit www.oldmutual.com The Offer, all acceptances and withdrawals thereof or pursuant thereto and allcontracts made pursuant thereto and action taken or made or deemed to be takenor made under any of the foregoing shall be governed by and construed inaccordance with Swedish law. In accordance with the requirements of the UK Prospectus Rules it is confirmedthat this announcement does not constitute an offer to purchase (or otherwiseacquire) nor the solicitation of an offer to sell (or otherwise dispose of) anysecurities of Old Mutual or Skandia. Any offer, invitation or inducement toacquire or sell shares in Skandia will be made solely by means of the prospectus(as updated by any supplementary prospectus) and associated documents expectedto be published during September 2005, and any decision to keep, buy or sellshares in Skandia should be made solely on the basis of the informationcontained in such documents. In addition, Old Mutual Shareholders are urged toread the prospectus and associated class 1 shareholder circular before makingany decision regarding the Transaction. The prospectus, and related documents,once published, may be obtained from Old Mutual's website at www.oldmutual.comor on request from Old Mutual. The Offer is, subject to certain exceptions, not being made, directly orindirectly, in or into the United States, Canada, Australia, Japan or any otherjurisdiction where to do so would constitute a violation of the laws of suchjurisdiction, or by use of the mails or by any means or instrumentality(including without limitation, facsimile transmission, telephone and theinternet) of interstate or foreign commerce, or any facility of a nationalsecurities exchange, of the United States, Canada, Australia or Japan.Accordingly, copies of this announcement or any accompanying documents are notbeing, directly or indirectly, mailed or otherwise distributed, forwarded ortransmitted in, into or from the United States. Any persons receiving suchdocuments (including, without limitation, custodians, nominees and trustees)should observe these restrictions and should not, subject to certain exceptions,mail or otherwise distribute, forward or transmit them in, into or from theUnited States or any other jurisdiction where to do so would constitute aviolation of the laws of such jurisdiction, or use such means, instrumentalityor facility in connection with the Offer, and so doing may render invalid anyrelated purported acceptance of the Offer. Any persons (including, withoutlimitation, custodians, nominees and trustees) who would or otherwise intend to,or may have a contractual or other legal obligation to, forward thisannouncement or any accompanying documents to the United States should seekappropriate advice before taking any action. These materials are not for distribution, directly or indirectly, in or into theUnited States. They are not an offer of securities for sale into the UnitedStates. There will be no public offer of the Old Mutual Shares in the UnitedStates. The New Old Mutual Shares have not been, and will not be, registered under theUS Securities Act of 1933 (the "Securities Act") or with any securitiesregulatory authority of any state or other jurisdiction of the United States orunder the applicable securities laws of Canada, Australia and Japan.Accordingly, subject to certain exceptions, the New Old Mutual Shares may not beoffered or sold within the United States or Canada, Australia and Japan or anyother jurisdiction where to do so would constitute a violation of the laws ofsuch jurisdiction, or to or for the account or benefit of any person in theUnited States, Canada, Australia or Japan. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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