Old Mutual furthers African Expansion with Acquisition in Kenya OLD MUTUAL PLC ISIN CODE: GB0007389926 ISSUER CODE: OLOML JSE SHARE CODE: OML NSX SHARE CODE: OLM Old Mutual plc Ref 58/13 3 July 2013 WITH OLD MUTUAL FURTHERS AFRICAN EXPANSION WITH ACQUISITION IN KENYA Old Mutual plc (“Old Mutual” or “the Group”) announces that its Emerging Markets business is to enter into a strategic partnership with Faulu Kenya DTM LTD (“Faulu”) through the acquisition of a controlling stake in this business Faulu was the first Deposit Taking Microfinance company to be licensed by the Central Bank of Kenya and is the second largest in East Africa with more than 400,000 customers. Faulu has a wide distribution network across Kenya with over 100 outlets, and serves a similar demographi to Old Mutual’s Mass Foundation business in South Africa with a broad range of financial services products. The transaction is conditional on the relevant regulatory approvals being obtained 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 Ralph Mupita, Chief Executive of Old Mutual Emerging Markets, said “I am delighted that we have agreed this partnership with Faulu. We continue to see further opportunities for the development of our business across East Africa.” Julian Roberts, Group Chief Executive commented: “We are building on our existing business in Kenya with a significant extension of our distribution and product offering through this transaction. This is a further step in executing our strategy of expanding our African footprint.” 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 Lead sponsor: Merrill Lynch South Africa (Pty) Ltd Joint Sponsor: Nedbank Capital INSURANCE |INVESTMENT | SAVINGS | BANKING 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 , For further information on Faulu, please visit the corporate website at www.faulukenya.com INSURANCE |INVESTMENT | SAVINGS | BANKING Date: 03/07/2013 12:22:00 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.