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

The Old Mutual Wealth Joint Share Ownership Plan

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSUER CODE: OLOML
   Old Mutual plc
   
   Ref 57/14
   19 May 2014

   THE OLD MUTUAL WEALTH JOINT SHARE OWNERSHIP PLAN

   This notification is made in accordance with DTR 3.1.4(a)
   
   On 16 May 2014, 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 was introduced in 2013 to align OMWM senior management
   compensation with OMWM's key long-term strategic priorities. 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 140,635 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 £386,750.
   
   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 16 May 2014.


   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) Ltd

   Notes to Editors
   Old Mutual provides life assurance, asset management, banking and general insurance 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 S 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

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