Annex DTR3 OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Annex DTR3 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons All relevant boxes should be completed in block capital letters. 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of OLD MUTUAL PLC the Companies Act (2006). DTR 3.1.2R 3. Name of person discharging managerial 4. State whether notification relates to a person connected with a person responsibilities/director discharging managerial responsibilities/director named in 3 and identify BRUCE HEMPHILL, GROUP CHIEF the connected person EXECUTIVE N/A 5. Indicate whether the notification is in respect of a 6. Description of shares (including class), debentures or derivatives or holding of the person referred to in 3 or 4 above or financial instruments relating to shares in respect of a non-beneficial interest1 ORDINARY SHARES OF 11 3/7p IN RESPECT OF THE PERSON NAMED IN 3 ABOVE 7. Name of registered shareholders(s) and, if more 8 State the nature of the transaction than one, the number of shares held by each of them GRANT OF A BUYOUT AWARD OVER 546,789 ORDINARY 11 3/7p SHARES IN THE FORM OF A FORFEITABLE SHARES AWARD WHICH WILL VEST IN EQUAL THIRDS ON THE FIRST, SECOND AND THIRD ANNIVERSARY DATES OF AWARD 9. Number of shares, debentures or financial 10. Percentage of issued class acquired (treasury shares of that class should instruments relating to shares acquired not be taken into account when calculating percentage) 11. Number of shares, debentures or financial 12. Percentage of issued class disposed (treasury shares of that class should instruments relating to shares disposed not be taken into account when calculating percentage) 13. Price per share or value of transaction 14. Date and place of transaction AWARD GRANTED AT £2.13 PER 5 NOVEMBER 2015 – LONDON SHARE 15. Total holding following notification and total 16. Date issuer informed of transaction percentage holding following notification (any 5 NOVEMBER 2015 treasury shares should not be taken into account when calculating percentage) NIL 17 Date of grant 18 Period during which or date on which exercisable 19 Total amount paid (if any) for grant of the option 20 Description of shares or debentures involved (class and number) 21 Exercise price (if fixed at time of grant) or 22 Total number of shares or debentures over which options held following indication that price is to be fixed at the time of notification exercise 23. Any additional information 24. Name of contact and telephone number for queries THE GRANT OF THIS AWARD IS WILLIAM BALDWIN-CHARLES TO COMPENSATE BRUCE HEAD OF CORPORATE AFFAIRS HEMPHILL FOR LOSSES HE +44 20 7002 7133 INCURRED WHEN LEAVING HIS PREVIOUS EMPLOYER Name of authorised official of issuer responsible for making notification: MARTIN MURRAY, GROUP COMPANY SECRETARY Date of notification: 5 NOVEMBER 2015 Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4. (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Sponsor: Merrill Lynch South Africa (Pty) Ltd Joint Sponsor: Nedbank Capital Date: 05/11/2015 04:00:00 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.