OLD MUTUAL PLC - Completion of redemption

Completion of redemption

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

Completion of redemption of U.S.$750,000,000 8 per cent. Guaranteed Cumulative Perpetual
Preferred Securities (the “Preferred Securities”)

Old Mutual plc (the “Company”) hereby announces that all of the Preferred Securities, issued by Old
Mutual Capital Funding L.P. (the “Limited Partnership”) on 19 May 2003, and guaranteed on a
subordinated basis by the Company, have been redeemed.

The redemption of the Preferred Securities will complete the Company’s target of £1.5 billion of debt
reduction that it set in 2010 to be achieved by the end of 2012.


Enquiries

External communications
Patrick Bowes                  UK                             +44 (0)20 7002 7440

Investor relations
Kelly de Kock                  SA                             +27 (0)21 509 8709


Media
William Baldwin-Charles                                       +44 (0)20 7002 7133
                                                              +44 (0)7834 524 833

25 September 2012

Sponsor: Merrill Lynch SA Proprietary Limited

Notes to Editors

Old Mutual

Old Mutual is an international long-term savings, protection and investment Group. Originating in
South Africa in 1845, the Group provides life assurance, asset management, banking and general
insurance to more than 12 million customers in Africa, the Americas, Asia and Europe. Old Mutual
has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5
billion (on an IFRS basis) and had £267 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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