OLD MUTUAL PLC - Old Mutual Wealth Appoints Tim Tookey as Chief Financial Officer

Old Mutual Wealth Appoints Tim Tookey as Chief Financial Officer

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSUER CODE: OLOMOL
   Old Mutual plc

   Ref 88/17
   28 April 2017

   OLD MUTUAL WEALTH APPOINTS TIM TOOKEY AS CHIEF FINANCIAL OFFICER

   The Board of Old Mutual Wealth announces today that it has appointed Tim Tookey as Chief Financial
   Officer, reporting to Paul Feeney, Chief Executive of Old Mutual Wealth. This appointment is subject to
   regulatory approval. Tim is currently a Non-Executive Director of Old Mutual Wealth and Chairman of
   its Audit Committee.

   Mark Satchel will become Corporate Finance Director and act as deputy to Tim. Mark will remain a
   member of the Old Mutual Wealth Executive Committee and a Director of the Old Mutual Wealth Board.

   George Reid takes over from Tim as Interim Chair of the Old Mutual Wealth Board’s Audit Committee.
   Old Mutual Wealth will commence a search for an Independent Non-Executive Director to replace Tim
   as Chair of that committee.

   Tim brings significant financial services experience to Old Mutual Wealth. He has worked at Board
   level in financial services for over 20 years and has been responsible for managing a large number of
   significant business transformation and strategic projects, capital markets activity and other corporate
   actions. Tim will work with Mark to prepare the business for the planned demerger and listing, as part
   of Old Mutual plc’s managed separation process.

   Paul Feeney said: "I am delighted that Tim has agreed to join the executive team. He brings a wealth
   of capital markets, regulatory and operating experience with large publicly listed financial services
   companies. I believe that, working together, Tim and Mark will support the business through the next
   phase of our corporate journey as well as building on the positive momentum we have achieved. We
   will be seeking to appoint a further non-executive director in due course, given Tim’s executive
   appointment.”

   Tim Tookey said: "I am excited to be joining Old Mutual Wealth in a full time executive capacity as it
   moves into this next important phase of its evolution. Old Mutual Wealth is a unique and successful
   wealth management business. I look forward to working with Paul, Mark, the leadership team and Old
   Mutual plc as we prepare this business for an independent future.”

       Bruce Hemphill, Group Chief Executive of Old Mutual plc added: “Old Mutual Wealth has taken another
       positive step in its preparation for managed separation. Tim has a proven track record in senior roles
       in finance for publicly listed companies. I look forward to working further with Tim and Mark in their new
       roles.”

       Enquiries
       External communications
       Patrick Bowes                                 +44 20 7002 7440
       Investor relations
       Dominic Lagan                                 +44 20 7002 7190

       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 19.4 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 is executing its strategy of managed separation, which will entail separating its four businesses into
       standalone entities. The four businesses are:

       Old Mutual Emerging Markets: an attractive business with a dominant position in South Africa, well-placed to
       capitalise on sub-Saharan African growth as a diversified financial services provider with strong operations in key
       East and West African markets.

       Nedbank: one of South Africa’s four largest banks with very strong corporate, commercial and property finance
       franchises, and a growth opportunity in the retail market, as well as pan-African optionality through its stake in
       Ecobank Transnational Inc (ETI).

       Old Mutual Wealth: a leading, integrated wealth management business, focused on the UK upper and middle
       market, with strong prospects in a rapidly growing £3 trillion market.
       OM Asset Management: an institutionally focussed, multi-boutique asset management business, delivering
       strong, diversified growth in attractive asset classes through organic initiatives and acquisitions.

       For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
       and had £395 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


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