OLD MUTUAL PLC - Group Chief Executive Succession

Group Chief Executive Succession

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

       Ref 737/15
       2 November 2015

       Group Chief Executive Succession

       In line with our previous announcement dated 15 April 2015, Old Mutual plc ("Old Mutual” or “the
       Company”) is pleased to confirm that the appointment of Bruce Hemphill, Group Chief Executive, as
       an executive director of the Company has taken effect from 1 November 2015.

       Bruce Hemphill said: “I am delighted to be joining as Old Mutual’s Group Chief Executive and leading
       the Group in the next stage of its development.

       “My initial focus will be visiting the individual businesses within the Group; building a detailed
       knowledge of those businesses and their management; and meeting staff, customers and other
       stakeholders. I look forward to sharing my observations in the second quarter of 2016.”

       Bruce Hemphill was previously Chief Executive of Wealth, Insurance and Non-Bank Financial
       Services at Standard Bank Group, the largest African banking group by assets and earnings. From
       June 2006 to February 2014, he was Chief Executive of Liberty Group, an African financial services
       group listed on the JSE.

       Old Mutual confirms that there are no matters relating to Bruce Hemphill that would require disclosure
       under Listing Rules 9.6.13 (2) to (6). His previous directorships of publicly quoted companies (Listing
       Rule 9.6.13(1)) were included in our announcement of 15 April 2015.

       Julian Roberts, the former Group Chief Executive, ceased to be an executive director of the Company
       on 31 October 2015. In accordance with the terms of his service agreement, Julian remains available
       to Old Mutual until 14 April 2016.


       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
       Lead Sponsor to Old Mutual:
       Merrill Lynch South Africa (Pty) Limited

       Joint Sponsor to Old Mutual:
       Nedbank Capital


       Notes to Editors
       Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 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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