OLD MUTUAL PLC - Old Mutual Plc Announces Trevor Manuel as Chairman of Old Mutual Emerging Markets

Old Mutual Plc Announces Trevor Manuel as Chairman of Old Mutual Emerging Markets

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

   Ref: 41/17
   9 March 2017

   OLD MUTUAL PLC ANNOUNCES TREVOR MANUEL AS CHAIRMAN OF OLD MUTUAL
   EMERGING MARKETS

   Old Mutual plc (“Old Mutual”) today announces the appointment of Mr Trevor Manuel as Chairman of
   Old Mutual Emerging Markets (“OMEM”). Mr Manuel has been a non-executive director of Old Mutual
   since January 2016 and was South Africa's Minister of Finance from 1996 to 2009, and Minister for
   the Presidency in charge of the National Planning Committee from 2009 to 2014.

   Mr Manuel’s appointment is an important step in the business readiness process for OMEM under Old
   Mutual’s managed separation strategy. Bruce Hemphill, Group CEO of Old Mutual, will step down as
   Chairman of OMEM, but remain on the OMEM board.

   Mr Manuel will oversee the establishment of the appropriate Board and governance structures for an
   independently-listed OMEM and in line with the King IV Report on Corporate Governance which will
   come into effect on 1 April 2017.

   Bruce Hemphill said: "It is a pleasure to announce Trevor as Chairman of OMEM as his credentials
   reflect his extensive experience and leadership across business and the public sector. In particular
   he embodies the values of Old Mutual and King IV in aligning good corporate governance with good
   corporate citizenship."
   Trevor Manuel said: “This is an important and exciting time to become Chairman of OMEM. The
   company has made a significant contribution to South Africa over many years and it will remain a
   priority that Old Mutual contributes to the prosperity of all South African citizens.”

   Peter De Beyer, lead independent director of OMEM, said: “I am looking forward to working very
   closely with Trevor as the business is readied for an independent listing.”

   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

   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.

       Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
       standalone entities. The four businesses are:

       Old Mutual Emerging Markets: an attractive business with a dominant position in South Africa, well-placed to
       capitalise on sub-Saharan African growth as a diversified financial services provider with strong operations in key
       East and West African markets.

       Nedbank: one of South Africa’s four largest banks with very strong corporate, commercial and property finance
       franchises, and a growth opportunity in the retail market, as well as pan-African optionality through its stake in
       Ecobank Transnational Inc (ETI).

       Old Mutual Wealth: a leading, integrated wealth management business, focused on the UK upper and middle
       market, with strong prospects in a rapidly growing £3 trillion market.

       OM Asset Management: an institutionally focussed, multi-boutique asset management business, delivering
       strong, diversified growth in attractive asset classes through organic initiatives and acquisitions.

       For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
       and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying
       businesses, please visit the corporate website at www.oldmutualplc.com

       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Corporate and Investment Banking

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