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Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018DIRECTORY (continued)Cruz del Sur, Corredora de Bolsa S.A.Augusto Leguía 70Piso 5Las CondesSantiago,ChilePaying Agents in ChileLarraín Vial S.A., Corredora de BolsaAvenida El Bosque Norte N0 0177, piso 3Las CondesSantiago,ChileAllfunds Bank, S.A.Via Santa Margherita720121 MilanItalyPaying Agents in ItalyBNP Paribas Securities ServicesAnsperto 520123 MilanoItalySGSS. S.p.A, MilanVia Benigno Crespi n19AMAC2,lItalyPaying Agent in SwedenSkandinaviska Enskilda Banken AB (publ)Kungsträdgårdsgatan 8SE-106 40StockholmSwedenGerman Information AgentSkandia Portfolio Management GmbHKaiserin-Augusta-Allee 10810553 BerlinGermanyBelgian Financial AgentCaceis Belgium SAB – 1000 Brussels, Avenue du Port 86 C b320BelgiumCopies of the Memorandum and Articles of Association, the Prospectus, the Key Investor Information documents, the annual and semiannual reports of the Company are available free of charge at the office of the representative or agent of each jurisdiction.Additionally, a list of the purchases and sales of each Sub-Fund made during the financial period of this report may be obtained free ofcharge from the Representative in Switzerland.7

Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018DIRECTORY (continued)The following Sub-Funds are not authorised in Hong Kong and not available to Hong Kong residents:Old Mutual China Equity FundOld Mutual US Equity Income FundOld Mutual European Best Ideas FundOld Mutual Investment Grade Corporate Bond FundOld Mutual Global Emerging Markets FundOld Mutual Local Currency Emerging Market Debt FundOld Mutual UK Smaller Companies Focus FundOld Mutual UK Dynamic Equity FundOld Mutual Global Equity Absolute Return FundOld Mutual Strategic Absolute Return Bond Fund Old Mutual Compass Portfolio 2Old Mutual Compass Portfolio 3Old Mutual Compass Portfolio 4Old Mutual Compass Portfolio 5Old Mutual UK Specialist Equity FundOld Mutual Style Premia Absolute Return FundOld Mutual Financials Contingent Capital FundThe following Sub-Funds are not authorised in Sweden and not available to Swedish residents:Old Mutual Europe (ex UK) Smaller Companies FundOld Mutual Compass Portfolio 2Old Mutual Compass Portfolio 3Old Mutual Compass Portfolio 4Old Mutual Compass Portfolio 5.8

Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018GENERAL INFORMATIONStructureOld Mutual Global Investors Series Plc (the “Company”) is an umbrella fund with segregated liability between Sub-Funds establishedas a self-managed open-ended investment company with variable capital, incorporated on 2 September 1997, organised under the lawsof Ireland as a public limited company pursuant to the Companies Act 2014, the Central Bank (Supervision and Enforcement) Act 2013(Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 and the European Communities(Undertakings for Collective Investment in Transferable Securities) Regulations, 2011, as amended (the “Regulations”) and has beenauthorised by the Central Bank of Ireland as a UCITS within the meaning of the Regulations.The share capital of the Company shall at all times equal the Net Asset Value. The initial capital of the Company was EUR 38,082represented by 30,000 Subscriber Shares of no par value. For the period of five financial years from the date of incorporation, theDirectors are empowered to issue up to five hundred billion Shares of no par value in the Company at the Net Asset Value per Share onsuch terms as they may think fit. The subscriber Shares do not entitle the holders to participate in the assets of any Sub-Fund.Investment Objectives of the Sub-FundsOld Mutual China Equity FundThe objective of the Old Mutual China Equity Fund is to seek to achieve long-term capital appreciation by investing in a well-diversifiedportfolio of equity securities issued by companies with either the predominant part of their assets in, or the predominant part of theirrevenues derived from, the People’s Republic of China, Hong Kong and/or Taiwan that are listed, traded or dealt in on RegulatedMarkets in the People’s Republic of China, Hong Kong, Taiwan, the United States of America (“US”), Singapore, Korea, Thailand andMalaysia or in a member state of the Organisation for Economic Co-Operation and Development (“OECD”).Old Mutual Global Strategic Bond Fund (IRL)The objective of the Old Mutual Global Strategic Bond Fund (IRL) is to seek to achieve total return through worldwide investmentprimarily in a diversified portfolio of fixed and variable rate debt securities.Old Mutual World Equity FundThe objective of the Old Mutual World Equity Fund is to seek to achieve asset growth through investment in a well-diversified portfolioof securities of issuers worldwide. It is not proposed to concentrate investments in any one geographical region, industry or sector.Old Mutual Pacific Equity FundThe objective of the Old Mutual Pacific Equity Fund is to seek to achieve asset growth through investment in a well-diversified portfolioof securities of Pacific region issuers or of issuers established outside the Pacific region which have a predominant proportion of theirassets or business operations in the Pacific region. It is not proposed to concentrate investments in any one industry or sector.Old Mutual European Equity FundThe objective of the Old Mutual European Equity Fund is to seek to achieve asset growth through investment in a well-diversifiedportfolio of securities of European issuers, of issuers established outside Europe which have a predominant proportion of their assets orbusiness operations in Europe, or of securities listed or having a listing on a European exchange. It is not proposed to concentrateinvestments in any one industry or sector.Old Mutual Japanese Equity Fund The objective of the Old Mutual Japanese Equity Fund is to seek to achieve asset growth through investment in a well-diversifiedportfolio of securities of Japanese issuers or of issuers established outside Japan which have a predominant proportion of their assets orbusiness operations in Japan. It is not proposed to concentrate investments in any one industry or sector.Old Mutual US Equity Income FundThe objective of the Old Mutual US Equity Income Fund is to seek to achieve asset growth through investment in a diversified portfolioof equity and equity-related securities.Old Mutual North American Equity FundThe objective of the Old Mutual North American Equity Fund is to seek to achieve long term capital growth through the activemanagement of a diversified portfolio invested primarily in North American stock markets. It is not proposed to concentrate investmentsin any one industry or sector.9

Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018GENERAL INFORMATION (continued)Investment Objectives of the Sub-Funds (continued)Old Mutual Total Return USD Bond FundThe objective of the Old Mutual Total Return USD Bond Fund is to seek to maximise total return consistent with preservation of capitaland prudent investment management.Old Mutual Emerging Market Debt FundThe objective of the Old Mutual Emerging Market Debt Fund is to seek to achieve asset growth through investment in a well-diversifiedportfolio of fixed and variable rate debt securities issued in Emerging Markets.Old Mutual European Best Ideas FundThe objective of the Old Mutual European Best Ideas Fund is to seek to achieve asset growth through investment in a well-diversifiedportfolio of equities or equity-related securities of European issuers or of issuers established outside Europe which have a predominantproportion of their assets and/or business operations in Europe.Old Mutual Investment Grade Corporate Bond FundThe objective of the Old Mutual Investment Grade Corporate Bond Fund is to seek to achieve income and capital growth predominantlythrough investment in a well-diversified portfolio of credit securities rated Investment Grade.Old Mutual Global Emerging Markets FundThe objective of the Old Mutual Global Emerging Markets Fund is to seek to achieve asset growth through investment in a welldiversified portfolio of equity securities of issuers in the Emerging Markets or of issuers established outside of the Emerging Markets,which have a predominant proportion of their assets or business operations in the Emerging Markets and which are listed, traded ordealt in on a Regulated Market worldwide. It is not proposed to concentrate investments in any one industry or sector.Old Mutual Asian Equity Income FundThe objective of the Old Mutual Asian Equity Income Fund is to seek to achieve a total return through a combination of income andcapital growth.Old Mutual Local Currency Emerging Market Debt FundThe objective of the Old Mutual Local Currency Emerging Market Debt Fund is to seek to achieve total return through investment in awell-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide and which are primarilydenominated in the local currency of the issuer.Old Mutual UK Alpha Fund (IRL)The objective of the Old Mutual UK Alpha Fund (IRL) is to seek to achieve capital appreciation. The Old Mutual UK Alpha Fund (IRL)seeks to achieve its objective through investment in a well-diversified portfolio of equities of predominantly United Kingdom (“UK”)issuers or of issuers established outside the UK which have a predominant proportion of their assets and/or business operations in theUK or securities listed on a UK exchange.Old Mutual UK Smaller Companies Focus FundThe Sub-Fund’s investment objective aims to provide capital growth from investing primarily in an equity portfolio of UK smallercompanies. Smaller companies are defined for this purpose as those companies which are quoted on a Regulated Market and whichhave a market capitalisation no greater than the largest company in the Numis Smaller Companies Index at the time of initial investment.The Numis Smaller Companies Index is designed to monitor the performance of the smaller companies sector.Old Mutual UK Dynamic Equity FundThe investment objective of the Old Mutual UK Dynamic Equity Fund is to achieve capital appreciation by taking long and shortpositions principally in UK equities outside of the FTSE 100 Index.Old Mutual Global Equity Absolute Return FundThe investment objective of the Old Mutual Global Equity Absolute Return Fund is capital appreciation while closely controlling risk.In addition, the Sub-Fund intends to deliver absolute returns that have a low correlation with equity and bond markets.Old Mutual Strategic Absolute Return Bond Fund The investment objective of the Old Mutual Strategic Absolute Return Bond Fund is to seek to deliver positive total returns on arolling twelve month basis with stable levels of volatility uncorrelated to bond and equity market conditions.10

Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018GENERAL INFORMATION (continued)Investment Objectives of the Sub-Funds (continued)Old Mutual Pan African Fund The investment objective of the Old Mutual Pan African Fund is to seek to achieve long term capital growth by investing in companiesthat directly benefit from long term economic growth opportunities in the African continent.Old Mutual Monthly Income High Yield Bond FundThe objective of the Old Mutual Monthly Income High Yield Bond Fund is to seek to achieve a total return through a combination ofincome and capital growth from a well-diversified portfolio predominantly comprising of fixed and variable rate debt securities locatedworldwide.Old Mutual Europe (ex UK) Smaller Companies FundThe investment objective of the Old Mutual Europe (ex UK) Smaller Companies Fund is to achieve long term capital growth throughinvesting primarily in an equity portfolio of smaller companies incorporated in Europe (excluding the United Kingdom) or of companiesincorporated outside of Europe (excluding the UK) which have a predominant proportion of their assets and/or business operations inEurope (excluding the UK).Old Mutual Global Equity Income Fund (IRL)The investment objective of the Old Mutual Global Equity Income Fund (IRL) is to seek to achieve a total return through a combinationof income and capital growth.Old Mutual Gold & Silver FundThe investment objective of the Old Mutual Gold & Silver Fund is to seek to achieve a total return by investing predominantly in listedequities.Old Mutual Compass Portfolio 2The investment objective of the Old Mutual Compass Portfolio 2 is to generate a long-term total return.Old Mutual Compass Portfolio 3The investment objective of the Old Mutual Compass Portfolio 3 is to generate a long-term total return.Old Mutual Compass Portfolio 4The investment objective of the Old Mutual Compass Portfolio 4 is to generate a long-term total return.Old Mutual Compass Portfolio 5The investment objective of the Old Mutual Compass Portfolio 5 is to generate a long-term total return.Old Mutual UK Specialist Equity FundThe investment objective of the Old Mutual UK Specialist Equity Fund is to seek to achieve capital appreciation by taking long andshort positions mainly in UK equities outside the FTSE 100 Index, whilst seeking to deliver absolute returns in all market conditions.Old Mutual Style Premia Absolute Return FundThe investment objective of the Old Mutual Style Premia Absolute Return Fund is to seek to deliver positive total returns on a rollingtwelve month basis with stable levels of volatility uncorrelated to bond and equity market conditions.Old Mutual Financials Contingent Capital FundThe Old Mutual Financials Contingent Capital Fund aims to generate a total return.Distribution PolicyDistributions to holders of Redeemable Participating Shares are recorded in the Statement of Operations as finance costs. Distributionspaid and proposed during the financial periods ended 30 June 2018 and 30 June 2017 with respect to certain Share Classes are outlinedin Note 9. All of the other Sub-Funds’ income and capital gains were reinvested in accordance with the investment objective and policyof the Sub-Funds.Dilution AdjustmentOn any Dealing Day the Directors may determine when there are net inflows into a Sub-Fund or net outflows from a Sub-Fund to applya dilution adjustment to the dealing Net Asset Value per Share so that the price of a Share in the Sub-Fund is above or below that whichwould have resulted from a latest available market valuation. This adjustment is intended to pass the estimated costs of underlyinginvestment activity of the Sub-Fund to the active Shareholders by adjusting the Net Asset Value of the relevant classes of Shares andthus to protect the Sub-Fund’s long-term Shareholders from costs associated with ongoing subscription and redemption activity. Thesecosts may include dealing charges, commissions and the effects of dealing at prices other than the middle market price.11

Old Mutual Global Investors Series PlcInterim Report and Unaudited Financial Statements for the financial period ended 30 June 2018GENERAL INFORMATION (continued)Dilution Adjustment (continued)The price of each Class of Share in a Sub-Fund will be calculated separately but any dilution adjustment will affect the price of Sharesof each Class in a Sub-Fund in an identical manner.Investment RisksAn investment in any Sub-Fund involves investment risks, including possible loss of the amount invested. Moreover, there can be noassurance that a Sub-Fund will achieve its investment objective.Subscriptions and RepurchasesCertain Share Classes have minimum initial investment, minimum subsequent investment and minimum holding requirements whichare disclosed in the Prospectus.An initial charge may be payable to the Company on subscriptions for Shares. A contingent deferred sales charge may be payable tothe Company on the subscription price for certain Shares, with the of the contingent deferred sales charge payable dependent on thelength of time between the date the Shares were purchased and their repurchase. The following table outlines these charges:Class of Shares:Initial Charge:Class A SharesClass B SharesClass C SharesClass C2 SharesClass D1 SharesClass D2 SharesClass F SharesClass F2 SharesClass I SharesClass N SharesClass P1 SharesClass P2 SharesClass P3 SharesClass R SharesClass S SharesClass U1 SharesClass U2 SharesClass U3 SharesClass X SharesUp to 5.00% of the Net Asset Value per ShareNilUp to 1.00% of the Net Asset Value per ShareUp to 0.50% of the Net Asset Value per ShareNilNilNilNilNilUp to 3.00% of the Net Asset Value per ShareNilNilNilNilNilNilNilNilNilContingent deferred sales charge as a percentage ofthe subscription price paidYears since purchase0–11–22–33–44 NilNilNilNilNilNilNilNilTaxationAs an investment undertaking within the meaning of Section 739(B) of the Taxes Consolidation Act 1997, as amended, the Companyis generally exempt from Irish tax on its income and gains and the Company will not be required to account for any tax in respect ofShareholders who are not Irish residents or exempt Irish residents provided that the signed necessary declarations are in place. TheCompany may be required to account for tax in respect of Shareholders who are Irish residents. Shareholders who are not Irish residentsand have made the required declaration of non-residence will not be liable to Irish tax on income from their Shares or gains made onthe disposal of their Shares, provided the Shares are not attributable to an Irish branch or agency of such shareholder. No stamp duty orother tax is generally payabl

Old Mutual Global Equity Absolute Return Fund 126 - 144 Old Mutual Strategic Absolute Return Bond Fund 145 - 148 Old Mutual Monthly Income High Yield Bond Fund 149 - 153 Old Mutual Europe (ex UK) Smaller Companies Fund 154 - 156 Old Mutual Global Equity Income Fund (IRL) 157 - 166.