Old Mutual Capital Appoints Citi as Fund Administration Service Provider

LONDON - Dec. 9 – Citi today announced its Global Transaction Services business has been appointed by Old Mutual Capital, Inc, a global firm based in Denver, Colorado to provide a full suite of fund support services to its new Irish domiciled UCITS fund.

The multi-year contract includes Citi's provisions for accounting, administration, transfer agency, custody, trustee, compliance, cash management and FX services for Old Mutual Capital's UCITS fund. Since its acquisition of BISYS investment services division in August 2007, Citi has emerged as a premier global fund servicing organization ranking among the top full-service providers (SourceMedia).

Julian Sluyters, CEO and President of Old Mutual Capital, investment manager to Old Mutual Global Funds plc, said, "We selected Citi for its global operations platform and established regional presence as the servicing arm for the new Irish domiciled UCITS Fund. As we expand our global footprint and widen the scope of services, we look to Citi as a partner in growth and provider of innovative and efficient solutions."

Andrew Gelb, Managing Director and Regional Head of the EMEA Securities and Funds Services, Citi said, "Old Mutual is an extremely well established and respected firm and we are delighted to be part of this significant partnership. They will gain access to the full suite of Citi's industry leading solutions across the entire transaction services spectrum. We look forward to their continued growth and expansion through this exciting new collaboration.

Citi's Global Transaction Services offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network spanning over 140 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the 3rd quarter of 08, it held on average $273 billion in liability balances and $11.9 trillion in assets under custody.

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About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney, Banamex and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

About Old Mutual
Denver-based Old Mutual Capital, Inc. (OMCAP) is an investment advisory firm. OMCAP operates the full service mutual fund and managed account platform of Old Mutual Asset Management, the U.S. asset management group of Old Mutual plc (London Stock Exchange: OML). Old Mutual Capital, together with its wholly owned subsidiary, Old Mutual Investment Partners, offer unique and timely investment solutions including asset allocation funds, sub-advised mutual funds, and separately managed accounts. All are managed by institutional asset managers either affiliated or in a partnership with Old Mutual Asset Management. Old Mutual Asset Management (OMAM), is a multi-national asset management business with more than $316.8 billion in assets under management as of March 31, 2008.

Dublin-domiciled Old Mutual Global Funds plc is an investment company with variable capital incorporated with limited liability in Ireland and established as an umbrella fund with segregated liability between funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2003 (as amended). Old Mutual Capital is investment manager to Old Mutual Global Funds plc.