OMAM Announces Launch of Secondary Offering and Entry into Private Repurchase Agreement

LONDON--()--OM Asset Management plc (NYSE: OMAM) announced today the launch of a public offering of 17.3 million of its ordinary shares. The ordinary shares are being offered by Old Mutual plc, through its wholly owned subsidiary, OM Group (UK) Limited. The underwriter also has a 30-day option to purchase up to an additional 2.595 million ordinary shares at the price set forth in the prospectus supplement.

In addition, on May 14, 2017, OMAM entered into a Repurchase Agreement with Old Mutual plc and OM Group (UK) Limited pursuant to which OMAM agreed to repurchase 5 million ordinary shares directly from OM Group (UK) Limited in a private transaction at the price per ordinary share set forth in the prospectus supplement relating to the concurrent public offering. The closing of this repurchase transaction is subject to various conditions, including the closing of the public offering.

Morgan Stanley & Co. LLC is acting as sole bookrunning manager for the offering.

The public offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the public offering, subject to completion, has been filed with the SEC, and a final prospectus supplement relating to the public offering will be filed with the SEC. Interested parties should read the prospectus included in the registration statement and the prospectus supplement for the public offering, and other documents that OMAM has filed with the SEC for more complete information about OMAM and the public offering.

Copies of the preliminary prospectus supplement relating to the public offering may be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.

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.

About OMAM

OMAM is a global, multi-boutique asset management company with approximately $249.7 billion of assets under management as of March 31, 2017. Its diverse Affiliates offer leading, alpha generating investment products to investors around the world. OMAM’s partnership approach, which includes equity ownership at the Affiliate level and a profit sharing relationship between OMAM and its Affiliates, aligns the interests of the Company and its Affiliates to work collaboratively in accelerating their growth. OMAM’s business model combines the investment talent, entrepreneurialism, focus and creativity of leading asset management boutiques with the resources and capabilities of a larger firm.

This press release includes forward-looking statements, as that term is used in the Private Securities Litigation Reform Act of 1995, including information relating to the proposed public offering and the proposed Repurchase Transaction. The words or phrases ‘‘will likely result,’’ ‘‘are expected to,’’ ‘‘will continue,’’ ‘‘is anticipated,’’ ‘‘can be,’’ ‘‘may be,’’ ‘‘aim to,’’ ‘‘may affect,’’ ‘‘may depend,’’ ‘‘intends,’’ ‘‘expects,’’ ‘‘believes,’’ ‘‘estimate,’’ ‘‘project,’’ and other similar expressions are intended to identify such forward-looking statements. Such statements are subject to various known and unknown risks and uncertainties and readers should be cautioned that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance.

Actual results may differ materially from those in forward-looking information as a result of various factors, some of which are beyond the Company’s control, including but not limited to those discussed above and elsewhere in this press release, in the Company’s most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 22, 2017, the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 15, 2017 and the Company’s preliminary prospectus supplement, filed with the Securities and Exchange Commission on May 15, 2017. Due to such risks and uncertainties and other factors, the Company cautions each person receiving such forward-looking information not to place undue reliance on such statements. Further, such forward-looking statements speak only as of the date of this press release and the Company undertakes no obligations to update any forward looking statement to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

OMAM-201745.2

Contacts

OMAM
Brett Perryman, 617-369-7300
ir@omam.com

Contacts

OMAM
Brett Perryman, 617-369-7300
ir@omam.com