Old Mutual releases details of exposure to American International Group As at close of business on 15 September 2008, Old Mutual Group ("Old Mutual") had exposure of $237 million to American International Group, Inc ("AIG") and related subsidiaries. In relation to shareholder funds: - Old Mutual does not hold common equity in AIG. - Old Mutual US Life ("US Life") has exposure of $76 million to senior debt, $84 million to Insurance policies, and $77 million to subordinated and hybrid debt. Old Mutual has no derivative exposure to AIG. - Old Mutual has minimal reinsurance exposure with AIG. Old Mutual continues to monitor developments in the markets closely, with risk management procedures, credit and capital controls continuing to ensure Old Mutual has a strong balance sheet and sound capital position. Enquiries Old Mutual statement on exposure to Lehman Brothers The announcement on 15 September 2008 that Lehman Brothers Holdings Inc. ("Lehman") has filed for Chapter 11 bankruptcy protection in the US has resulted in a sharp fall in the market value of Lehman's debt and equity securities. In relation to shareholder funds: Old Mutual Group ("Old Mutual") does not hold common equity in Lehman. Old Mutual US Life ("US Life") has counterparty exposure to Lehman through derivatives contracts and securities lending transactions. These exposures are either collateralised or on bankruptcy remote entities. The effect of unwinding these transactions is not expected to have a material impact on Old Mutual's earnings or capital position. As of 12 September 2008, US Life had a total general account fixed income exposure of $50 million senior unsecured debt exposure and $5.7 million of collateralised derivatives exposure. These exposures are not material within the context of Old Mutual.