OLD MUTUAL PLC - Directorate Change

Directorate Change



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


   Ref 247/17

   1 November 2017


   DIRECTORATE CHANGE

   Old Mutual plc ("Old Mutual") announces that Nonkululeko (“Nku”) Nyembezi will be stepping down
   from the Old Mutual Board on 31 December 2017.

   Ms Nyembezi joined the Old Mutual Board in 2012 and has served on the Board Risk and Nomination
   and Governance Committees since 2013. From 2010 to 2012 she was a director of Old Mutual’s wholly-
   owned life subsidiary, Old Mutual Life Assurance Company (South Africa) Limited, and more recently
   has been a director of Old Mutual Group Holdings (SA) (Pty) Limited, the South African intermediate
   holding company for Old Mutual Emerging Markets and Nedbank.

   Patrick O'Sullivan, Chairman of Old Mutual, said: "We are very grateful for Nku’s valuable contributions
   to the Board and to the wider Old Mutual Group the over the last seven years and we wish her well for
   the future."


   Enquiries
   External communications
   Patrick Bowes                                        +44 20 7002 7440
   Investor relations
   Dominic Lagan                                        +44 20 7002 7190

   Media
   William Baldwin-Charles                              +44 20 7002 7133
                                                        +44 7834 524833


   Notes to Editors
   About Old Mutual plc

   Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
   strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
   standalone entities.

   The managed separation strategy seeks to preserve and release the value currently trapped within the group
   structure. The managed separation will be materially complete by the end of 2018.
   OM Asset Management, a US based institutional asset manager, is now independent from Old Mutual. The
   remaining underlying businesses are:
   Old Mutual Emerging Markets: A South African based leading provider of financial services in sub-Saharan
   Africa.
   Nedbank: One of South Africa’s largest banks, with a 20% stake in pan-African Ecobank Transational Inc.
   Old Mutual Wealth: a leading, integrated, advice-led wealth management business focused on the UK upper and
   middle market.
   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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