OLD MUTUAL PLC - Notification of Major Interest in Shares

Notification of Major Interest in Shares

OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSURE CODE: OLOML
Old Mutual plc


For filings with the FCA include the annex
For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                                                 Old Mutual PLC
attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                             X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments
An event changing the breakdown of voting rights
Other (please
specify):

3. Full name of person(s) subject to the                                      Cevian Capital II G.P. Limited
notification obligation: iii



4. Full name of shareholder(s)                                                   Vidacos Nominees Limited
 (if different from 3.):iv                                      UBS AG, Prime Brokerage Services (Ldn)

5. Date of the transaction and date on
                                                                                              26 June 2014
which the threshold is crossed or
reached: v
                                                                                              26 June 2014
6. Date on which issuer notified:

7. Threshold(s) that is/are crossed or
                                                                               Holding has gone below 5%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of          Situation previous            Resulting situation after the triggering transaction
shares                 to the triggering
                       transaction
if possible using      Number          Number        Number     Number of voting       % of voting rights
                                                                                       x
the ISIN CODE          of              of            of         rights
                       Shares          Voting        shares
                                       Rights                   Direct    Indirect
                                                     Direct     xi        xii          Direct          Indirect

Ordinary shares
(GB00B77J0862)
                                                                                                        Below
                       244,918,780    244,918,780    N/A        N/A       N/A          N/A
                                                                                                         5%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial          Expiration      Exercise/           Number of voting                  % of voting
instrument                 date xiii       Conversion          rights that may be                rights
                                           Period xiv          acquired if the
                                                               instrument is
                                                               exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction
Type of financial      Exercise    Expiration   Exercise/      Number of voting        % of voting rights
instrument             price       date xvii    Conversion     rights instrument       xix, xx

                                                period xviii   refers to

                                                                                       Nominal          Delta
 Total (A+B+C)

 Number of voting rights                                Percentage of voting rights

  N/A
                                                         Below 5%


 9. Chain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held, if applicable: xxi


 Cevian Capital II G.P. Limited ("Cevian") acts as general partner for Cevian Capital II Master Fund L.P.
 and Cevian Capital II Co-Investment Fund L.P.

 Cevian is the indirect holder of the voting rights attached to the shares. The legal owners of the shares are
 Vidacos Nominees Limited and UBS AG, Prime Brokerage Services (Ldn) (acting as nominees), which
 hold the shares on behalf of UBS AG (acting as custodian).




 Proxy Voting:

 10. Name of the proxy holder:

 11. Number of voting rights proxy holder will cease
 to hold:

 12. Date on which proxy holder will cease to hold
 voting rights:




 13. Additional information:

 14. Contact name:                                                                            Denzil Boschat


 15. Contact telephone number:                                                            +44 (1534) 828 513


27 June 2014

Lead Sponsor:
Merrill Lynch South Africa (Pty) Limited

Joint Sponsor:
Nedbank Capital

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