17th Jan 2006 13:04
Bank of America Securities Ltd 17 January 2006 17th January 2006Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. Old Mutual plc Stabilisation NoticeBank of America Securities Ltd (contact: Brian Robertson; telephone: 020 71741144) hereby gives notice that the Stabilising Manager(s) named below maystabilise the offer of the following securities in accordance with CommissionRegulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).The securities:Issuer: Old Mutual plcGuarantor (if any):Aggregatenominalamount: £300mDescription: 10NC5 Notes offered under Issuer's Global Note Programme; Dated Subordinated Notes qualifying as Lower Tier 2 CapitalOffer price: 99.502Other offer termsStabilisation:Stabilising Manager(s): Bank of America Securities Ltd Deutsche Bank Dresdner Kleinwort WassersteinStabilisation period 17th January 2006expected to start on:Stabilisation period 30 days after the proposed issue date of theexpected to end no later securitiesthan: Maximum sizeofover-allotmentfacility: £15m In connection with the offer of the above securities, the Stabilising Manager(s)may over-allot the securities or effect transactions with a view to supportingthe market price of the securities at a level higher than that which mightotherwise prevail. However, there is no assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun,may be ended at any time. This announcement is for information purposes only anddoes not constitute an invitation or offer to underwrite, subscribe for orotherwise acquire or dispose of any securities of the Issuer in anyjurisdiction.This announcement and the offer of the securities to which it relates aredirected only at persons outside the United Kingdom and persons in the UnitedKingdom who have professional experience in matters related to investments orwho are high net worth persons within article 12(5) of the Financial Servicesand Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted onor relied on by other persons in the United Kingdom.(1)In addition, if and to the extent that this announcement is communicated in, orthe offer of the securities to which it relates is made in, any EEA Member Statethat has implemented Directive 2003/71/EC (together with any applicableimplementing measures in any Member State, the "Prospectus Directive") beforethe publication of a prospectus in relation to the securities which has beenapproved by the competent authority in that Member State in accordance with theProspectus Directive (or which has been approved by a competent authority inanother Member State and notified to the competent authority in that MemberState in accordance with the Prospectus Directive), this announcement and theoffer are only addressed to and directed at persons in that Member State who arequalified investors within the meaning of the Prospectus Directive (or who areother persons to whom the offer may lawfully be addressed) and must not be actedon or relied on by other persons in that Member State.This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offer of securities in the United States.END-------------------------- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC