Director/PDMR Shareholding

1.

Details of the person discharging managerial responsibilities (PDMR) / person closely associated (PCA)

a)

Name of natural person

IAN GLADMAN

2.

Reason for the notification

a)

Position / status

GROUP STRATEGY DIRECTOR

b)

Initial notification / amendment

INITIAL NOTIFICATION

3.

Details of the issuer, emission market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

OLD MUTUAL PLC

b)

Legal Entity Identifier Code

549300DX1KT0FU6U7J22

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

NIL COST OPTIONS OVER ORDINARY SHARES

b)

Identification Code

GB00B77J0862

c)

Nature of the transaction

EXERCISE

d)

Currency

GBP

e)

Price(s) and volume(s)

f)

Aggregated information

- Aggregated volume

- Price

355,236

g)

Date of transaction

2017-12-22

h)

Place of the transaction

OUTSIDE A TRADING VENUE