FRN Variable Rate Fix

Re: OLD MUTUAL PLC

USD 835,000,000.00

MATURING: 18-Nov-2020

ISIN: GB00B40PS426

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 19-Nov-2018 TO 20-May-2019

HAS BEEN FIXED AT 6.80 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 20-May-2019 WILL AMOUNT TO:

USD 1,717.93 PER USD 50,000.00 DENOMINATION

Citibank