Company Press Release

Old Mutual Asset Management Advances Global Distribution Strategy

BOSTON, Dec. 12, 2011 -- Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, today announced organizational changes in support of its expanded global distribution strategy. This announcement follows the appointment in October this year of Julian Ide to the position of Head of Global Distribution for OMAM, responsible for strategic distribution efforts, including the expansion of OMAM's international reach to promote the affiliates' investment talents and grow assets under management.

Under the new structure Brian Carroll will continue in his role as Head of US Distribution overseeing center-led efforts in the sub-advisory, investment only defined contribution and consultant relations markets. Additionally, Mr. Ide has commenced a search for a Head of Non-US Distribution, who will be responsible for building a team to distribute OMAM's affiliates' products outside the US, including in Europe, Asia and the Middle East. Until this process has been concluded, Mr. Ide will assume the role on an interim basis. Mr. Ide also announced today that Simon Wilson, Sales & Marketing Director at Old Mutual Asset Managers (UK) Limited, OMAM's London-based affiliate, will also become Head of Global Marketing in the new global distribution structure.

"Since joining OMAM I have been hugely impressed with the wealth of investment talent within the organization," said Mr. Ide. "It is clear that we are in a very strong position to grow our client assets internationally through our multi-boutique model and by growing our global distribution franchise. These appointments and the new structure of our global distribution team are important steps in our development and will provide OMAM with the expertise and platform to execute on our growth strategy."

Peter L. Bain, OMAM's President and Chief Executive Officer, added, "Julian Ide has made tremendous progress since his arrival just nine weeks ago. His experience in the global investment marketplace, combined with his clear understanding of our affiliates' strengths, positions him to build precisely the distribution organization best suited to expanding our business, particularly in non-U.S. markets."

About Old Mutual Asset Management

Old Mutual Asset Management (OMAM) is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional and individual investors around the world. The assets under management of OMAM's 18 affiliated investment firms were $227 billion as of September 30, 2011. OMAM is the name through which Old Mutual (US) Holdings Inc. conducts its U.S. asset management business. Its parent company is London-based Old Mutual plc. More information on OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com.

About Old Mutual plc

Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.