OLD MUTUAL PLC - Old Mutual Enters into Exclusive Negotiations Regarding its Italian Business

Old Mutual Enters into Exclusive Negotiations Regarding its Italian Business

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

       Ref 471/16
       4 August 2016

       OLD MUTUAL ENTERS INTO EXCLUSIVE NEGOTIATIONS REGARDING ITS ITALIAN
       BUSINESS

       Old Mutual plc today announces that it has entered into a short period of exclusive negotiations with
       Cinven, owner of ERGO Italia, regarding the sale of Old Mutual Wealth Italy. There can be no
       certainty that these negotiations will lead to any transaction.

       Old Mutual Wealth Italy is owned by Old Mutual Wealth, part of Old Mutual plc.

       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.

       In the year ended 31 December 2015, the Group reported adjusted operating profit before tax of £1.7
       billion and had £304 billion of funds under management from core operations (excluding Rogge).

       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Capital

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