OMLAC(SA) - Redemption notice for OML01 notes

Old Mutual plc

Ref 714/15

22 October 2015

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED - REDEMPTION NOTICE FOR OML01 NOTES

Old Mutual plc shareholders are hereby referred to RNS 639/15 issued on 21 September 2015 regarding the redemption by its subsidiary, Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), of the ZAR 3 billion notes issued on 27 October 2005 under OMLACSA's Unsecured Subordinated Callable Note Programme dated 25 October 2005.

We confirm that these notes will be redeemed on 27 October 2015 together with any outstanding interest accrued until that date.

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 more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com