Old Mutual Announces Sale of Old Mutual Wealth Italy OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Old Mutual plc Ref 474/16 9 August 2016 OLD MUTUAL ANNOUNCES SALE OF OLD MUTUAL WEALTH ITALY Old Mutual plc (“Old Mutual”) today announces that it has agreed to sell Old Mutual Wealth Italy (“OMWI”) to ERGO Italia, owned by Cinven. The consideration for the transaction is €278 million in cash, plus interest to completion. The transaction is subject to usual regulatory approvals and customary conditions and is expected to complete within six months. As at 31 December 2015, OMWI had €7 billion of funds under management and contributed €22 million of post-tax earnings for the year ending 31 December 2015. The sale is the final part of the divestment of Old Mutual Wealth’s continental European businesses allowing it to focus on its core UK and cross border markets. Proceeds will be retained by Old Mutual for general corporate purposes. 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) Limited Joint Sponsor: Nedbank Capital Date: 10/08/2016 08:57:00 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.