Old Mutual Enters into Exclusive Negotiations Regarding its Italian Business OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Old Mutual plc Ref 471/16 4 August 2016 OLD MUTUAL ENTERS INTO EXCLUSIVE NEGOTIATIONS REGARDING ITS ITALIAN BUSINESS Old Mutual plc today announces that it has entered into a short period of exclusive negotiations with Cinven, owner of ERGO Italia, regarding the sale of Old Mutual Wealth Italy. There can be no certainty that these negotiations will lead to any transaction. Old Mutual Wealth Italy is owned by Old Mutual Wealth, part of Old Mutual plc. 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 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 Sponsor: Merrill Lynch South Africa (Pty) Ltd Joint Sponsor: Nedbank Capital Date: 04/08/2016 05:00:00 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.