Notification of Major Interest in Shares OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSURE CODE: OLOML Old Mutual plc For filings with the FCA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Old Mutual PLC attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Cevian Capital II G.P. Limited notification obligation: iii 4. Full name of shareholder(s) Vidacos Nominees Limited (if different from 3.):iv UBS AG, Prime Brokerage Services (Ldn) 5. Date of the transaction and date on 26 June 2014 which the threshold is crossed or reached: v 26 June 2014 6. Date on which issuer notified: 7. Threshold(s) that is/are crossed or Holding has gone below 5% reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible using Number Number Number Number of voting % of voting rights x the ISIN CODE of of of rights Shares Voting shares Rights Direct Indirect Direct xi xii Direct Indirect Ordinary shares (GB00B77J0862) Below 244,918,780 244,918,780 N/A N/A N/A N/A 5% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion rights that may be rights Period xiv acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights instrument price date xvii Conversion rights instrument xix, xx period xviii refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights N/A Below 5% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Cevian Capital II G.P. Limited ("Cevian") acts as general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment Fund L.P. Cevian is the indirect holder of the voting rights attached to the shares. The legal owners of the shares are Vidacos Nominees Limited and UBS AG, Prime Brokerage Services (Ldn) (acting as nominees), which hold the shares on behalf of UBS AG (acting as custodian). Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Denzil Boschat 15. Contact telephone number: +44 (1534) 828 513 27 June 2014 Lead Sponsor: Merrill Lynch South Africa (Pty) Limited Joint Sponsor: Nedbank Capital Date: 27/06/2014 12:50:00 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.