11th Mar 2008 07:01
Old Mutual PLC11 March 2008 Ref 62/08 11 March 2008 TERMINATION OF NEGOTIATIONS ON POTENTIAL SALE OF MUTUAL & FEDERAL The Board of Old Mutual plc (Old Mutual) and Royal Bafokeng Holdings (RBH) haveagreed to terminate their discussions on the sale of Old Mutual's shares inMutual & Federal to RBH. Old Mutual and RBH were unable to agree mutually acceptable terms in the currenteconomic environment. Jim Sutcliffe, Old Mutual Group Chief Executive, said: "We are confident that Mutual & Federal's management will continue to deliverstrong performance and returns. Our strategy is to focus on our core assetmanagement activities. Meanwhile, we will only consider transactions that fullyreflect value for our shareholders". For further information on Old Mutual plc, please visit the corporate website atwww.oldmutual.com Enquiries Investor RelationsAleida White UK +44 (0)20 7002 7287Deward Serfontein SA +27 (0)82 810 5672 MediaNicholas Bicket UK +44 (0)20 7002 7103Nad Pillay SA + 27 (0)21 504 8026 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC