Old Mutual Africa – Update on Acquisition of Majority Stake in Provident Life Assurance Company in Ghana OLD MUTUAL PLC ISIN CODE: GB00B77J0862 ISSUER CODE: OLOML JSE SHARE CODE: OML NSX SHARE CODE: OLM Old Mutual plc Ref 69/13 3 September 2013 OLD MUTUAL AFRICA – UPDATE ON ACQUISITION OF MAJORITY STAKE IN PROVIDENT LIFE ASSURANCE COMPANY IN GHANA Old Mutual today announces that its acquisition of a majority stake in Ghana’s Provident Life Assurance Company has become unconditional. The deal has been approved by the Financial Services Board (FSB) of South Africa and the National Insurance Commission (NIC) of Ghana. Ralph Mupita, CEO of Old Mutual Emerging Markets, commented: “With distribution in four cities in Ghana – Accra, Kumasi, Takoradi and Tema – Provident Life Assurance Company provides excellent opportunities for Old Mutual, giving impetus to our expansion strategy in West Africa.” 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) Limited 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, London 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 is the fifth-largest life company in Ghana and provides life assurance and investment products. Provident Life Assurance Company was started in 2006. Visit www.provident Date: 03/09/2013 08:00:00 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.