Old Mutual plc announced that Zoe Cruz and Adiba Ighodaro have both agreed to join its Board as independent non-executive directors with effect from January 6, 2014. Bongani Nqwababa, who has been an independent non-executive director of the company since April 2007, has resigned from the Board on January 6, 2014. Various changes have been made to Board Committee memberships following the annual review of the composition of the Committees and in light of the changes to the Board.

As a consequence, the memberships of the Board's main standing Committees will now be as follows: Board Risk Committee: Mike Arnold (Chairman), Zoe Cruz, Reuel Khoza, Nku Nyembezi-Heita, Roger Marshall; Group Audit Committee: Roger Marshall (Chairman), Mike Arnold, Danuta Gray, Adiba Ighodaro, Nkosana Moyo; Nomination Committee: Patrick O'Sullivan (Chairman), Alan Gillespie, Danuta Gray, Reuel Khoza, Nku Nyembezi-Heita, Julian Roberts; Remuneration Committee: Alan Gillespie (Chairman), Zoe Cruz, Danuta Gray, Roger Marshall, Nkosana Moyo. It has also been agreed that, after the 2014 Annual General Meeting, Danuta Gray will step down from the Group Audit Committee and will succeed Alan Gillespie as Chairman of the Remuneration Committee. Mr. Gillespie will still remain a member of that Committee after ceasing to be its Chairman.