Regulatory approval received for UAP acquisition

Old Mutual plc

Ref 424/15

3 June 2015

Old Mutual receives regulatory approval for UAP acquisition

Old Mutual plc ("Old Mutual") today announces that it has received all regulatory approvals for its acquisition of a further 37.3% of UAP Holdings Limited ("UAP"), an East and Central African financial services company. Following completion of this acquisition, which is expected within the next two months, Old Mutual will hold a stake of 60.7% in UAP.

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