3rd Jul 2006 15:21
Old Mutual PLC03 July 2006 Old Mutual plc Compulsory purchase of remaining Skandia shares At the close of its offer for Forsakringsaktiebolaget Skandia (publ) ('Skandia')on 14 March 2006, Old Mutual plc ('Old Mutual') confirmed its intention toinitiate a compulsory purchase process under the Swedish Business Insurance Act('the Act') in respect of those Skandia shares still not owned by Old Mutual assoon as the necessary revision to the Act allowed it to do so. The revision of the Act came into effect on 1 July 2006, and Old Mutual has nowrequested that the process is referred to arbitration in accordance with theapplicable statutory provisions. 3 July 2006 Notes to Editors At the close of the Offer on 14 March 2006, Old Mutual had received acceptancesof its Offer representing 98.73 per cent of the total number of shares and votesin Skandia on an undiluted basis and 98.23 per cent of shares and votes inSkandia on a fully diluted basis. ENQUIRIES: Old Mutual plcMalcolm Bell - Investor Relations (UK) + 44 (0) 20 7002 7166Miranda Bellord - Media Relations (UK) + 44 (0) 20 7002 7133Deward Serfontein - Investor Relations (SA) + 27 (0) 21 509 8709Nad Pillay - Media Relations (SA) + 27 (0) 21 504 8026 College HillTony Friend + 44 (0) 20 7457 2020Gareth David + 44 (0) 20 7457 2020 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC