Appointment of New Non-Executive Director OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Ref 802/15 3 December 2015 APPOINTMENT OF NEW NON-EXECUTIVE DIRECTOR Old Mutual plc (“Old Mutual” or “the Group”) is pleased to announce the appointment of Trevor Manuel, aged 59, as a non-executive Director and member of the Board Risk Committee of the Old Mutual Board with effect from 1 January 2016. This appointment is being made in anticipation of Mr Manuel joining the board and becoming the non-executive Chairman of Old Mutual Group Holdings Limited (“OMGH”) after the current Chairman of OMGH, Paul Hanratty, leaves the Group during 2016. OMGH is the parent company of Old Mutual Emerging Markets and Nedbank Group Ltd, both of which have been designated by South African regulators as Domestic Systemically Important Financial Institutions. It is anticipated that the OMGH board will be mandated by Old Mutual in due course to fulfil the obligations that are expected to arise under the planned South African “Twin Peaks” supervisory regime applicable to financial conglomerates. Patrick O’Sullivan, Chairman of Old Mutual, said: “We are delighted to be able to appoint Mr Manuel to our Board, given his wealth of experience in advising and guiding the development of the financial services sector in emerging markets. His track record of leadership in developing sound regulation for financial services over many years will be of great benefit to the Group, in particular as we prepare for forthcoming changes in the regulatory environment in South Africa.” Mr. Manuel said: “I am very much looking forward to being able to contribute to the Old Mutual Group’s further development over the coming years.” Old Mutual confirms that there are no matters relating to Mr Manuel that would require disclosure under Listing Rules 9.6.13 (1) to (6). 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 Biography of Trevor Manuel Mr. Manuel, who is South African, served in the South African Government for more than 20 years, including as Minister of Finance from 1996 to 2009 and as Minister in Presidency, responsible for the National Planning Commission, from 2009 to 2014. During his ministerial career he assumed a number of ex-officio positions at international bodies including the United Nations Commission for Trade and Development, the World Bank, the International Monetary Fund, the G20, the African Development Bank and the Southern African Development Community. He currently serves on the International Advisory Board of the Rothschild Group and as non-executive Deputy Chairman of Rothschild South Africa which provides financial advisory services to Old Mutual. He is also a non-executive Director on the Boards of SABMiller plc and Swiss Re. INVESTMENT | SAVINGS |INSURANCE | BANKING Date: 03/12/2015 09:00:00 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.