tailieunhanh - Old Mutual plc Interim results for the six months ended 30 June 2012 Good strategic and operational progress

On UCITS, ESMA expects to provide input at the relevant stage on the delegated acts and/or technical standards that may be required under the UCITS V Directive. ESMA’s previous work on depositaries and remuneration under the AIFMD will provide useful benchmarks on which to build. In addition, and subject to developments at the level of the EU institutions, ESMA may be tasked with further work in relation to the VC and SEF Regulations. In responding to any requests received in this area, ESMA will have to pay close attention to the specificities of the entities covered by these two initiatives while,. | NEWS RELEASE 8 August 2012 Old Mutual plc Interim results for the six months ended 30 June 2012 Good strategic and operational progress Financial Summary1 H1 2012 H1 2011 Movement Operating metrics - constant currency basis Adjusted operating profit before tax IFRS basis 791m 709m 12 Adjusted operating earnings per share IFRS basis 2 Net client cash flows - LTS bn Net client cash flows - USAM2 Funds under management3 2 Financial metrics - as reported Group return on equity annualised 220bps Interim dividend for the year 17 Total profit after tax attributable to equity holders of the parent 931m 738m 26 Adjusted Group MCEV per share 3 Surplus generated4 381m 521m 140 m 1 Except for total profit after tax and adjusted Group MCEV per share and Surplus generated all figures in the table are in respect of core continuing businesses only and the 2011 comparatives have been restated accordingly. The disposal of Nordic was the most material disposal in the period. Figures have also been adjusted for the impact of the share consolidation where applicable. 2 USAM excludes NCCF from Dwight and OMCap which were sold in the period. H1 2011 also excludes Lincluden which was sold in December 2011. 3 Comparative as at 31 December 2011. 4 Surplus generated is the adjusted net worth of the operating business units not required to support capital requirements. 5 Core continuing Group NCCF includes Nedbank NCCF of billion. Financial and operational highlights IFRS AOP up 12 to 791 million interim dividend up 17 and core continuing Group NCCF of billion2 5 Targets cost reduction met ROE and margins on track A further 603 million of debt repaid in 2012 less than 450 million left to hit billion target Completion of sale of Nordic and 1 billion special dividend paid 7 June 2012 Expanding our African footprint Continued strong sales and margins in South African mass market and