Old Mutual Wealth to Acquire Financial Adviser Network Caerus OLD MUTUAL PLC ISIN CODE: GB00B77J0862 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOMOL Old Mutual plc Ref 31/17 28 February 2017 OLD MUTUAL WEALTH TO ACQUIRE FINANCIAL ADVISER NETWORK CAERUS Old Mutual Wealth has reached a conditional agreement to acquire the financial adviser network, Caerus Capital Group (“Caerus”). The proposed acquisition is subject to a number of conditions, including shareholder agreement and regulatory approval. The transaction is expected to complete in Q2 2017. The Caerus Board has unanimously opted to accept the offer with regards to its own holdings and has recommended the offer to other shareholders. The acquisition will complement Old Mutual Wealth’s existing controlled distribution footprint in the UK, which includes Intrinsic, and Old Mutual Wealth Private Client Advisers, the branded national adviser firm established in 2015. More than 300 advisers are authorised through Caerus and are responsible for more than £4 billion of assets under advice. In August 2016, Old Mutual plc stated that Old Mutual Wealth expected to acquire further scalable advice businesses to grow its controlled distribution capability. 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 Corporate and Investment Banking 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 51% 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.oldmutualplc.com Date: 28/02/2017 11:00:00 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.