Old Mutual Wealth Funds Under Management and Gross and Net Sales Update Q1 2016 OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML Old Mutual plc Ref 304/16 05 May 2016 OLD MUTUAL WEALTH FUNDS UNDER MANAGEMENT AND GROSS AND NET SALES UPDATE Q1 2016 Old Mutual Wealth’s vertically integrated strategy of owning distribution, an investment platform, discretionary fund management and asset management contributed to the delivery of strong net client cash flows (‘NCCF’) of £1.8 billion in Q1 2016, an increase of 80% (Q1 2015: £1.0 billion). Gross sales increased by 17% to £5.4 billion (Q1 2015: £4.6 billion), primarily driven by strong sales into the Investment Division and the UK Platform. Funds under management (‘FUM’) increased by 3% since the start of the year to £107.1 billion (Q4 2015: £104.4 billion), primarily driven by strong NCCF growth. UK Platform FUM was £35.4 billion (Q4 2015: £34.5 billion), with gross flows of £1.6 billion (Q1 2015: £1.4 billion) and net flows of £0.7 billion (Q1 2015: £ 0.6 billion). Old Mutual Global Investors’ FUM increased by 5% to £26.0 billion (Q4 2015: £24.7 billion) and Quilter Cheviot’s FUM increased to £18.0 billion (Q4 2015: £17.8 billion). Paul Feeney, CEO of Old Mutual Wealth, comments: “We have achieved strong net client cash flows notwithstanding the volatile market conditions. We have also seen strong pensions sales in Q1 2016 as we continue to benefit from the introduction of pension freedoms in the UK last year.” 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) Limited Notes to Editors Old Mutual provides investment, savings, insurance and banking services to 18.9 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 2015, the Group reported adjusted operating profit before tax of £1.7 billion and had £304 billion of funds under management from core operations (excluding Rogge). For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Date: 05/05/2016 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.