| Completion of the Sale of stake in Kotak Mahindra

Published: 29 November 2017
Old Mutual plc ("Old Mutual") today announced that it has completed the sale of its 26% stake in Kotak
Mahindra Old Mutual Life Insurance Limited to its joint venture partner Kotak Mahindra Bank Limited.
The sale was announced on 27 April 2017. The consideration for the transaction, net of hedging and tax, was £138 million. Old Mutual will use the proceeds from the transaction for general corporate purposes.
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