Ref 89/09

9 December 2009

Notice to the holders of the U.S.$224,400,000 Floating Rate Notes due 2013 (ISIN: GB00B3F3ZR60) (the "Notes")

Announcement of Cancellation

NOTICE IS HEREBY GIVEN THAT U.S.$163,700,000 in aggregate nominal amount of the Notes has been cancelled following the purchase of such Notes by Old Mutual plc.  As a result of the cancellation, the aggregate nominal amount outstanding of the Notes has been reduced to U.S.$60,700,000.

For further information, please contact:

Rashmin Shah

Group Treasurer, Old Mutual plc

Tel:  +44 20 7002 7125

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

Notes to Editors

Old Mutual

Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.