OLD MUTUAL PLC - Old Mutual Africa Update on Acquisition of Majority Stake in Provident Life Assurance Company in Ghana

Old Mutual Africa – Update on Acquisition of Majority Stake in Provident Life Assurance Company in Ghana

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

       Old Mutual plc

       Ref 69/13
       3 September 2013

       OLD MUTUAL AFRICA – UPDATE ON ACQUISITION OF MAJORITY STAKE IN PROVIDENT
       LIFE ASSURANCE COMPANY IN GHANA

       Old Mutual today announces that its acquisition of a majority stake in Ghana’s Provident Life
       Assurance Company has become unconditional.

       The deal has been approved by the Financial Services Board (FSB) of South Africa and the National
       Insurance Commission (NIC) of Ghana.

       Ralph Mupita, CEO of Old Mutual Emerging Markets, commented: “With distribution in four cities in
       Ghana – Accra, Kumasi, Takoradi and Tema – Provident Life Assurance Company provides excellent
       opportunities for Old Mutual, giving impetus to our expansion strategy in West Africa.”

       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,
                                          London
       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
       Provident is the fifth-largest life company in Ghana and provides life assurance and investment
       products. Provident Life Assurance Company was started in 2006. Visit www.provident


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