OLD MUTUAL PLC - Old Mutual plc Sale of Skandia Germany & Skandia Austria Completed

Old Mutual plc Sale of Skandia Germany & Skandia Austria Completed

   Old Mutual plc
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSURE CODE: OLOML
   Old Mutual plc

   Ref 216/14
   1 October 2014

   OLD MUTUAL PLC SALE OF SKANDIA GERMANY & SKANDIA AUSTRIA COMPLETED

   Old Mutual Plc today announces that the sale of Skandia Germany and Skandia Austria, part of Old
   Mutual Wealth, to Heidelberger Leben Group, owned by Cinven and Hannover Re, has now
   completed. The consideration for the transaction is €220 million in cash.

   The sale was announced on 27 March 2014 and is part of Old Mutual Wealth’s commitment to
   simplify its operations in Europe.

   Enquiries

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

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

   Notes to Editors

   Old Mutual provides investment, savings, insurance and banking services to more than 16 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 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on
   an IFRS basis) and had £294 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) Limited

   Joint Sponsor:
   Nedbank Limited

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