OLD MUTUAL PLC - Nedbank Group and Nedbank Limited - Change to Board of Directors

Nedbank Group and Nedbank Limited - Change to Board of Directors

OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSURE CODE: OLOML
Old Mutual plc

Ref 517/16
07 October 2016


NEDBANK GROUP AND NEDBANK LIMITED – CHANGE TO BOARD OF DIRECTORS

Nedbank Group and Nedbank Limited, the majority-owned South African banking subsidiary of Old
Mutual plc, released an announcement today, 7 October 2016, regarding the change to their board of
directors.

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

“The boards of Nedbank Group and Nedbank (“the Companies”) are pleased to announce the
appointment of Mr Rob Leith as a non-executive director of the Companies with effect from 13
October 2016.

Mr Leith was appointed as the Director of Managed Separation at Old Mutual plc (Nedbank Group’s
ultimate holding company) on 14 March 2016. He joined Old Mutual from a private investment
company where he had been since September 2014. Prior to that, he was Global Head of Investment
Banking and Global Markets of Sberbank CIB. He joined Sberbank CIB in January 2012 from
Standard Bank, where he had served for over 20 years in the UK, latterly as Head of Group Strategic
Development and Chief Executive of Global Corporate and Investment Banking.

Mr Vassi Naidoo, Nedbank Group Chairman, welcomed Mr Leith and said: ‘The Nedbank Group
Board will benefit greatly from Rob’s banking expertise and his understanding of the wider financial
services industry in Africa.’

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 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.
Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
standalone entities. The four businesses are:

Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection,
investment and lending to retail and corporate customers

Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa’s top four banks, providing wholesale
and retail banking, insurance and asset management for individuals and businesses

Old Mutual Wealth: a leading wealth management business in the UK and international markets

OM Asset Management: Old Mutual owns 65.8% in the New York Stock Exchange listed OM Asset
Management which offers a diverse range of investment strategies and products for institutions, delivered
worldwide through seven US-based boutiques.



For the year ended 31 December 2015, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
and had £304 billion of funds under management. For further information on Old Mutual plc and the underlying
businesses, please visit the corporate website at www.oldmutual.com

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