OLD MUTUAL PLC - Nedbank Group Change to Board of Directors

Nedbank Group – Change to Board of Directors

       OLD MUTUAL PLC
       ISIN CODE: GB00B77J0862
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSUER CODE: OLOMOL

       Ref 778/15
       23 November 2015


       NEDBANK GROUP – CHANGE TO BOARD OF DIRECTORS
       Nedbank Group Limited (“Nedbank Group”), the majority-owned South African banking subsidiary of
       Old Mutual plc, has announced the appointment of a non-executive director to the boards of Nedbank
       Group and Nedbank Limited.

       The following is the full text of Nedbank Group's announcement:

       “NEDBANK GROUP AND NEDBANK LIMITED – CHANGE TO BOARD OF DIRECTORS

       The boards of Nedbank Group and Nedbank (“the Companies”) are pleased to announce the
       appointment of Mr Bruce Hemphill as a non-executive director of the Companies with effect from 25
       November 2015.

       Mr Hemphill, aged 52, was appointed as the Group Chief Executive of Old Mutual plc (Nedbank
       Group’s ultimate holding company) on 1 November 2015. From February 2014 to October 2015 he
       was Chief Executive of Wealth, Insurance and Non-Bank Financial Services at Standard Bank Group.
       Prior to that (June 2006 to February 2014) he was Chief Executive of Liberty Group, an African
       financial services group listed on the JSE, where he led Liberty on an extensive transformation and
       growth path while delivering significant value to shareholders.

       Mr Vassi Naidoo, Nedbank Group Chairman, extended a warm welcome to Mr Hemphill and said:
       ‘The Nedbank Group Board will benefit greatly from Bruce’s experience as a chief executive of a
       public company and from his extensive experience and understanding of the South African and wider
       African financial services industry.’

       Sandton

       23 November 2015”



       Enquiries
       External communications
       Patrick Bowes                     UK     +44 20 7002 7440
       Investor relations
       Dominic Lagan                     UK     +44 20 7002 7190
       Sizwe Ndlovu                      SA     +27 11 217 1163

       Media
       William Baldwin-Charles                  +44 20 7002 7133
                                                +44 7834 524833


       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Capital


       Notes to Editors

       Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 billion of funds under management from core operations.

       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com






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