Old Mutual : OM Asset Management announces closing of secondary offering

OM Asset Management plc ('OMAM') today announces the closing of an underwritten public offering of 6,039,630 of its ordinary shares for aggregate proceeds of approximately $94 million. The shares were sold by Old Mutual plc ('Old Mutual'), through its wholly owned subsidiary, OM Group (UK) Limited. OMAM did not sell any shares in the offering and did not receive any proceeds from the sale of the shares.

The proceeds to Old Mutual from the offering are expected to be used for general corporate purposes. Following the sale, Old Mutual owns 1,000 ordinary shares in OMAM. Morgan Stanley & Co. LLC acted as sole bookrunning manager for the public offering. Copies of the prospectus supplement relating to the public offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014. The prospectus may also be obtained, for free, by visiting the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.