Old Mutual Completes Acquisition of Oceanic Life OLD MUTUAL PLC ISIN CODE GB00B77J0862 ISSUER CODE OLOML JSE SHARE CODE OML NSX SHARE CODE OLM Ref 10/13 6 February 2013 Old Mutual completes acquisition of Oceanic Life Old Mutual announces today that it has completed the acquisition of a majority stake in Oceanic Life, the life assurance operations of the former Oceanic Bank in Nigeria acquired by Ecobank Transnational Incorporated (Ecobank). Ralph Mupita, CEO of Old Mutual's Emerging Markets business, commented: “We are delighted to have completed the acquisition of this majority stake and we continue to work with Ecobank to expand our product offerings to the Nigerian market. The growth dynamics of the industry are exciting and prospects are good for further development of our business operations in West Africa.” 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 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 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 06/02/2013 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.