OLD MUTUAL PLC - Old Mutual Outsourcing and Technology Agreement for UK Platform

Old Mutual Outsourcing and Technology Agreement for UK Platform

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

       Ref 63/13
       07 August 2013

       OLD MUTUAL OUTSOURCING AND TECHNOLOGY AGREEMENT FOR UK PLATFORM
       
       Old Mutual today announces that it has signed an agreement for International Financial Data Services
       (IFDS) to enhance the services provided by Skandia to financial advisers and customers in the UK.
       
       The 20-year agreement will see a number of administration functions outsourced to IFDS and will
       enable Skandia to enhance its service and product offering for financial advisers by using IFDS’ new
       processing services and technology.
       
       The integration of IFDS administration, process and technology is due to start in 2016. Skandia will
       continue to develop its existing platform and services in the interim. The front office, with which
       financial advisers and customers interact, will remain with Skandia.

       Paul Feeney, chief executive of Old Mutual Wealth, said: “This agreement will enable us to
       continuously improve the service we offer to financial advisers and their clients, introduce new
       products as well as meet our financial objectives.

       “The IFDS technology will ensure that we can respond to adviser and customer needs faster than we
       can today and will result in new functionality and greater flexibility to be delivered to advisers via the
       UK platform.”


       Enquiries
       External communications
       Patrick Bowes                    UK        +44 20 7002 7440
       Investor relations
       Dominic Lagan                    UK        +44 20 7002 7190
       Kelly de Kock                    SA        +27 21 509 8709

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

       Notes to Editors
       Old Mutual provides life assurance, asset management, banking and general insurance to more than
       14 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 2012, the Group reported adjusted operating profit before tax of £1.6
       billion (on an IFRS basis) and had £262 billion of funds under management from core operations.
       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

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