Share Buyback Programme

3rd Oct 2007 07:30

Old Mutual PLC03 October 2007 Old Mutual plc Ref: 53/07 3 October 2007 Share buyback programme The Board of Old Mutual plc ("the Company") is pleased to announce that theCompany proposes to implement a share buyback programme, as indicated at thetime of the publication of Group's interim results on 10 August 2007. Thisaction is part of the Company's ongoing commitment to balance sheet and capitalefficiency and the creation of shareholder value. The Company now intends to repurchase shares to a total value of approximately£350 million. The transactions will be a combination of on-market purchases onthe London Stock Exchange and purchases on the JSE Limited pursuant to one ofthe contingent purchase contracts approved by shareholders at this year's AnnualGeneral Meeting. The repurchases will be financed using the Company's internalresources. The Company plans to hold the shares repurchased under this programme intreasury. Enquiries Investor RelationsAleida van Herel UK +44 (0)20 7002 7287Deward Serfontein SA + 27 (0) 21 509 8709 MediaJames Crampton UK +44 (0)20 7002 7133Nad Pillay SA +27 (0)82 553 7980 College HillAlex Sandberg +44 (0)20 7457 2020Tony Friend Old Mutual For further information on Old Mutual plc, please visit the corporate website atwww.oldmutual.com This information is provided by RNS The company news service from the London Stock Exchange

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