OLD MUTUAL PLC - Old Mutual Africa - Update on Acquisition of Majority Stake in Faula Kenya

Old Mutual Africa - Update on Acquisition of Majority Stake in Faula Kenya

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

       Ref 95/13
       5 December 2013


       OLD MUTUAL AFRICA - UPDATE ON ACQUISITION OF MAJORITY STAKE IN FAULU
       KENYA
       Old Mutual today announces that its acquisition of a majority stake in Faulu Kenya DTM LTD ("Faulu")
       has received the final required regulatory approvals from the Financial Services Board (FSB) of South
       Africa and the Central Bank of Kenya.
       Ralph Mupita, CEO of Old Mutual Emerging Markets, commented: "With its wide distribution network
       across Kenya and the similarity in its customer base to Old Mutual's Mass Foundation business in
       South Africa, this partnership with Faulu represents a significant further opportunity for the
       development of our business across East Africa."



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       Dominic Lagan                    UK     +44 20 7002 7190
       Kelly de Kock                    SA     +27 21 509 8709

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       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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