OLD MUTUAL PLC - Old Mutual to redeem U.S.$750,000,000 8 per cent. Guaranteed Cumulative Perpetual Preferred Securities of Old Mutual

Old Mutual to redeem U.S.$750,000,000 8 per cent. Guaranteed Cumulative
Perpetual Preferred Securities of Old Mutual

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

Ref 81/12

Old Mutual to redeem U.S.$750,000,000 8 per cent. Guaranteed Cumulative
Perpetual Preferred Securities of Old Mutual Capital Funding L.P.
(ISIN: XS0168687100) (the “Preferred Securities”)

Old Mutual plc (the “Company”) announces that all of the Preferred Securities, which
were issued by Old Mutual Capital Funding L.P. (the “Limited Partnership”) on 19
May 2003 and are guaranteed on a subordinated basis by the Company, will be
redeemed on 22 September 2012. The UK Financial Services Authority has been
informed about the proposed redemption and has confirmed its non-objection.

Notice has today been given to the holders of the Preferred Securities that, pursuant
to the terms and conditions of the Preferred Securities (the “Terms and Conditions”),
Old Mutual Capital Funding (Jersey) Limited, in its capacity as general partner of the
Limited Partnership, will exercise its right to redeem all of the Preferred Securities on
22 September 2012. Redemption of the Preferred Securities is made in accordance
with Condition 4.2 of the Terms and Conditions. Accordingly, on 22 September 2012
all of the Preferred Securities issued by the Limited Partnership will be redeemed in
whole for cash at a redemption price equal to the Optional Redemption Price (as
such term is defined in the Terms and Conditions).

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

20 August 2012
Sponsor:
Merrill Lynch SA (Pty) Limited

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