OLD MUTUAL PLC - Old Mutual Wealth Funds Under Management and Gross and Net Sales Update Q1 2016

Old Mutual Wealth Funds Under Management and Gross and Net Sales Update Q1 2016

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

       Ref 304/16
       05 May 2016

       OLD MUTUAL WEALTH FUNDS UNDER MANAGEMENT AND GROSS AND NET SALES
       UPDATE Q1 2016

       Old Mutual Wealth’s vertically integrated strategy of owning distribution, an investment platform,
       discretionary fund management and asset management contributed to the delivery of strong net client
       cash flows (‘NCCF’) of £1.8 billion in Q1 2016, an increase of 80% (Q1 2015: £1.0 billion). Gross
       sales increased by 17% to £5.4 billion (Q1 2015: £4.6 billion), primarily driven by strong sales into the
       Investment Division and the UK Platform.

       Funds under management (‘FUM’) increased by 3% since the start of the year to £107.1 billion (Q4
       2015: £104.4 billion), primarily driven by strong NCCF growth. UK Platform FUM was £35.4 billion
       (Q4 2015: £34.5 billion), with gross flows of £1.6 billion (Q1 2015: £1.4 billion) and net flows of £0.7
       billion (Q1 2015: £ 0.6 billion). Old Mutual Global Investors’ FUM increased by 5% to £26.0 billion
       (Q4 2015: £24.7 billion) and Quilter Cheviot’s FUM increased to £18.0 billion (Q4 2015: £17.8 billion).

       Paul Feeney, CEO of Old Mutual Wealth, comments: “We have achieved strong net client cash flows
       notwithstanding the volatile market conditions. We have also seen strong pensions sales in Q1 2016
       as we continue to benefit from the introduction of pension freedoms in the UK last year.”

       Enquiries
       External communications
       Patrick Bowes                       UK       +44 20 7002 7440

       Investor relations
       Dominic Lagan                       UK       +44 20 7002 7190
       Sizwe Ndlovu                        SA       +27 11 217 1163

       Media
       William Baldwin-Charles                      +44 20 7002 7133
                                                    +44 7834 524833
       Sponsor
       Merrill Lynch South Africa (Pty) Limited

       Notes to Editors
       Old Mutual provides investment, savings, insurance and banking services to 18.9 million customers in Africa, the
       Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and
       Johannesburg Stock Exchanges, among others, since 1999.

       In the year ended 31 December 2015, the Group reported adjusted operating profit before tax of £1.7 billion and
       had £304 billion of funds under management from core operations (excluding Rogge).

       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

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