OLD MUTUAL PLC - The Old Mutual Wealth Joint Share Ownership Plan

The Old Mutual Wealth Joint Share Ownership Plan

       OLD MUTUAL PLC
       ISIN CODE: GB0007389926
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSUER CODE: OLOML
       Old Mutual plc

       Ref 54/13
       10 June 2013

       THE OLD MUTUAL WEALTH JOINT SHARE OWNERSHIP PLAN

       This notification is made in accordance with DTR 3.1.4(a)

       On 7 June 2013, Mr Paul Feeney, Chief Executive of Old Mutual Wealth Management Limited
       ("OMWM"), a subsidiary of Old Mutual plc (the "Company"), who is a person discharging managerial
       responsibility (PDMR), was granted an award (the "Award") under the Old Mutual Wealth Joint Share
       Ownership Plan (the "Plan"). The Plan has been introduced to align OMWM senior management
       compensation with OMWM's key strategic priorities, which were announced on 19 November 2012.
       The Plan will reward success in achieving these objectives by linking awards to the growth in value of
       the OMWM business through quality and sustainable earnings.
       
       The Award has been granted over 193,534 shares in the capital of OMWM (the "OMWM Shares")
       with an initial value of £2,125,000. Under the terms of the Plan the shares will be owned jointly by Mr
       Feeney and the trustee of the Plan, with Mr Feeney’s interest limited to the growth in value of the
       shares over the initial value (the initial value being owned by the trustee). Mr Feeney’s interest has an
       estimated fair value at award of £369,750.
       
       The Award will normally vest at the end of a three year vesting period, subject to Mr Feeney's
       continued employment and the other terms of the Plan. At the vesting date Mr Feeney’s interest in
       the jointly owned OMWM Shares, to the extent they have vested under the Award and subject to the
       terms of the Plan agreement, will be exchanged for shares in the capital of the Company using
       existing shares purchased in the market, with an aggregate market value equal to the growth in value
       of the vested OMWM Shares between the grant of Award and vesting date.
       
       The Company was notified of the above transaction on 7 June 2013.
      
       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
       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

       Lead sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Capital


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