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OLD MUTUAL AT A GLANCE

OLD MUTUAL AT A GLANCE. 21 November 2011. WHO WE ARE. An international long-term savings, protect and investment group Established in South Africa in 1845 Based in London and operating in 33 countries Serving over 15 million customers Employing over 54,000 people.

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OLD MUTUAL AT A GLANCE

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  1. OLD MUTUAL AT A GLANCE 21 November 2011

  2. WHO WE ARE An international long-termsavings, protect and investment group Established in South Africa in 1845 Based in London and operating in 33 countries Serving over 15 million customers Employing over 54,000 people £5.7bnWealth Management Single premiums up 34% to £5.7bn +7.4%Growth Of Primary Account Holders with Nedbank WinnerBest UK Platform – Professional Adviser Awards Best Customer Service Old Mutual (SA), 4th year in a row Top 10% Ranking of UK & SA companies reporting to the Carbon Disclosure Project Most Prominent Brand & Best Reputation: Skandiabanken Norway Figures as at Dec 2010

  3. WHAT WE DO LONG-TERM SAVINGS Investment management and innovative life assurance based solutions, addressing both protection and retirement savings needs US ASSET MANAGEMENT Growing our customers’ savings and wealth, whether through active and direct asset management or the selection of funds and managers for customers to invest in BANKING We have a majority shareholding in Nedbank, as well as banking interests in Sweden and Norway through Skandiabanken SHORT-TERM INSURANCE Short-term insurance products in southern Africa through Mutual & Federal and iWYZE, our direct offering.

  4. WHERE WE DO IT * This is not a complete list of our brands. Our US and South Africa Asset Management businesses have a number of separately branded boutiques.

  5. OUR HISTORY Our logo is designed by board chairman Charles Bell Old Mutual acquires a majority shareholding in the newly-formed Mutual & Federal 1845 1855 Scotsman John Fairbairn founds The Mutual Life Assurance Society 1870 1953 1970 Skandia founded in Stockholm Skandia launches in Colombia 1973 Old Mutual acquires a shareholding in Nedbank Skandia launches in the UK 1979 Skandiabanken founded 1990 Julian Roberts becomes Group Chief Executive in 2008 Adoption of a new strategy and operating model in 2010 Black Economic Empowerment deal introduced in South Africa Old Mutual completes the acquisition of Skandia 1999 Old Mutual demutualises and lists 2000 2006 2005 2010 Old Mutual acquires United Asset Management in the US

  6. OUR VISION To become our customers’ most trusted partner - passionate about helping them achieve their lifetime financial goals.

  7. OUR STRATEGY • Build a cohesive long-term savings, protection and investment group by leveraging the strength of our people and capabilities in South Africa and around the world. • We will focus, drive and optimise our businesses to enhance value for customers and shareholders. 5 Our strategic priorities 1 Develop the customer proposition and experience 2 Deliver high performance in all business units 3 Share skills and experience across the group 4 Build a culture of excellence 5 Simplify our structure to unlock value

  8. GROUP EXECUTIVE COMMITTEE From the left: Peter Bain, Don Hope, Mike Brown, Julian Roberts, Andrew Birrell, Don Schneider, Philip Broadley, Paul Hanratty

  9. OUR STRUCTURE Julian Roberts OLD MUTUAL GROUP Peter Todd* MUTUAL & FEDERAL Mike Brown NEDBANK Paul Hanratty LONG-TERM SAVINGS Peter Bain US ASSET MANAGEMENT EMERGING MARKETS NORDIC RETAIL EUROPE WEALTH MANAGEMENT The above is how the Business is structured and does not include the parts of the Group Executive who do not have direct Business Unit responsibility. * Not on the Group ExCo

  10. OUR STRUCTURE – LTS: EMERGING MARKETS Kuseni Dlamini EMERGING MARKETS OLD MUTUAL INVESTMENT GROUP (OMIGSA) LIFE AND SAVINGS NEW MARKETS REST OF AFRICA OLD MUTUAL SOUTH AFRICA CORPORATE LATIN AMERICA Colombia, Mexico RETAIL MASS JOINT VENTURES IN CHINA & INDIA RETAIL AFFLUENT

  11. OUR STRUCTURE – LTS: WEALTH MANAGEMENT Paul Hanratty WEALTH MANAGEMENT SKANDIA UK SKANDIA INTERNATIONAL CONTINENTAL EUROPE (France, Italy) SKANDIA INVESTMENT GROUP (SIG)

  12. OUR STRUCTURE – LTS: NORDIC Mårten Andersson NORDIC SWEDEN NORWAY DENMARK

  13. OUR STRUCTURE – LTS: RETAIL EUROPE Jonas Jonsson RETAIL EUROPE AUSTRIA GERMANY POLAND SWITZERLAND

  14. FINANCIAL HIGHLIGHTS Year to 31 December 2010 2009* Net client cash flow (£bn) (5.7) (1.8) Funds under management (£bn) 309.3 275.4 Operating profit (IFRS) (£m) 1,481 1,133 Embedded value per share (p) 202.2 171.0 Earnings per share (p) 16.0 11.6 Return on Equity (%) 12.2 9.1 Dividend per share (p) 4.0 1.5 * 2009 restated to treat US Life and Bermuda as non-core

  15. BUSINESSES CONTRIBUTION TO THE GROUP Funds Under Management (FUM) Adjusted Operating Profit (AOP)

  16. HOW WE DO BUSINESS • We are committed to being a responsible corporate citizen in the many communities in which we operate. • We express this through our: • Corporate values • Responsible BusinessPolicy • Commitment to andinteraction with ourstakeholders (see diagram)

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