Old Mutual Furthers African Expansion with Acquisition in Ghana OLD MUTUAL PLC ISIN CODE: GB0007389926 ISSUER CODE: OLOML JSE SHARE CODE: OML NSX SHARE CODE: OLM Old Mutual plc Ref 53/13 3 June 2013 OLD MUTUAL FURTHERS AFRICAN EXPANSION WITH ACQUISITION IN GHANA Old Mutual plc (“Old Mutual” or “the Group”) today announces that it will expand its African presence through the acquisition of a majority stake in Provident Life Assurance Company Limited (“Provident”), based in Ghana. Provident is the fifth largest life company in Ghana and provides life insurance and investment products, mainly via an agency force. The transaction is conditional on relevant regulatory approvals and is expected to complete by the end of 2013. The consideration for the transaction will form part of the R5 billion previously identified by Old Mutual as being available for expansion into Africa. Julian Roberts, Group Chief Executive commented: “This transaction is another important step in our strategy of expanding our emerging markets businesses. IC Securities Ghana Limited acted as advisors to Old Mutual in this transaction. 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 14 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 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of funds under management from core operations. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Provident provides life assurance and investment products in Ghana. Provident was started in 2006. www.provident-life.com Date: 03/06/2013 04:40:00 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.