Old Mutual plc: Paul Hanratty appointed as OMLACSA Board Chairman

Tue. September 01, 2009; Posted: 05:04 AM

Sep 01, 2009 (M2 PRESSWIRE via COMTEX) -- OLMUY | Quote | Chart | News | PowerRating -- Old Mutual plc ("Old Mutual") announces that Paul Hanratty has been appointed as executive Chairman of Old Mutual Life Assurance Company (South Africa) Limited ("OMLACSA") with effect from 1 September 2009. He succeeds Professor Andreas van Wyk, who has served as non-executive Chairman since 2008.

Mr. Hanratty has been an executive member of the Board of OMLACSA since 2006 in his capacity as Chief Executive of Old Mutual South Africa ("OMSA"). As previously announced, he assumes the position of Chief Executive of Old Mutual's Long-Term Savings Division from 1 September 2009.

Julian Roberts, Group Chief Executive of Old Mutual, commented:

"We are very pleased that Paul has agreed to take up Chairmanship of the OMLACSA Board. His extensive knowledge of the industry and of Old Mutual South Africa and his leadership skills make him ideal to take over as Chairman. I would like to express my appreciation to Professor van Wyk for his leadership of the Board. We are also delighted that he will continue to serve on the Board as an independent Director."

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 GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

CONTACT: Patrick Bowes UK, Investor Relations, Old Mutual plc Tel: +44 (0)20 7002 7440 Deward Serfontein, Investor Relations, Old Mutual plc Tel: +27 (0)82 810 5672 Matthew Gregorowski, Media contact, Old Mutual plc Tel: +44 (0)20 7002 7133 Tel: +44 (0)7748 183 834 WWW: http://www.oldmutual.com Don Hunter, Media contact, Finsbury Tel: +44 (0)20 7251 3801

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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