Resignation of Ralph Mupita, Chief Executive of Old Mutual Emerging Markets OLD MUUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Ref 532/16 31 October 2016 RESIGNATION OF RALPH MUPITA, CHIEF EXECUTIVE OF OLD MUTUAL EMERGING MARKEETS Old Mutual plc (“Old Mutual”) announces that Ralph Mupita, CEO of Old Mutua Emerging Markets ("OMEM") has tendered his resignation, in order to purs interests outside of t financial services industry. The search process for his success will be launched immediately. Mr Mupita has a notice period of 3 months a will continue in post during that time. OMEM like the rest of the Old Mutual businesse is currently going through a business readiness programme as part of Old Mutual's managed separation process. This is not affected by today’s announcement and continue as planned. Bruce Hemphil, Old Mutual plc CEO and Chairman of OMEM, said: "On behalf of Old Mutual, I would like to thank Ralph for his dedicated leadership of the OMEM business over the last five years. He has been an excellent leader and we wish him well in his future endeavoours. “I will work very closely with OMEM's strong and deep management team to ensure there is no disruption to the business or its customers while we seek Ralph's successor. Meanwhile, the managed separation process is unchanged and we will continue to maintain our engagement with key stakeholders throughout." Ralph Mupita said: "I have spent 16 great years at Old Mutual, and believe that I have made a contribution to the growth and development of the business over that time. But I feel the time is right for me to pursue other challenges outside of the industry. "Old Mutual plays an important role in the socio-economic transformation of South Africa and the other key markets in which it operates, and it has been a privilege to have been part of such an august and iconic institution. I wish the business every success in the future' ENDS Enquiries External communications Patrick Bowes UK +4 20 7002 7440 Investor relations Dominic Lagan UK +44 20 7002 719 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 strateg of managed separation, which will entail separating its four businesses into standalone entities. The four businesses are: Old Mutual Emerging Markets: An African finance 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 management for individuals and businesses Old Mutual Walth: 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 sev 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 vis the corporat website at w www.oldmutua al.com Date: 31/10/2016 11:59:00 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.