Old Mutual : Notice to Shareholders

Old Mutual Limited

Incorporated in the Republic of South Africa Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 66/23

27 December 2023

DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEME

In compliance with the Listings Requirements of JSE Limited the following information is provided in respect of trading by various employee incentive schemes:

Name of the Trust	Old Mutual Limited Broad-Based Black Economic
Empowerment Employee Trust
Class of security	Old Mutual Limited ordinary shares
Nature of transactions	Purchase of Old Mutual Limited ordinary shares in a hedging
transaction in respect of the ESOP and LTIP awards.
Type of trade	On-market
Date of transaction	20-Dec-23
Number of shares	810 000
Price per share	R12.0804
Value	R9 785 124.00
Name of the Trust	Old Mutual Limited Employee Trust
Class of security	Old Mutual Limited ordinary shares
Nature of transactions	Purchase of Old Mutual Limited ordinary shares in a hedging
transaction in respect of the ESOP and LTIP awards.
Type of trade	On-market
Date of transaction	20-Dec-23
Number of shares	540 000
Price per share	R12.0804
Value	R6 523 416.00

Name of the Trust	Old Mutual Limited Broad-Based Black Economic
Empowerment Employee Trust
Class of security	Old Mutual Limited ordinary shares
Nature of transactions	Purchase of Old Mutual Limited ordinary shares in a hedging
transaction in respect of the ESOP and LTIP awards.
Type of trade	On-market
Date of transaction	21-Dec-23
Number of shares	3 070 942
Price per share	R12.1078
Value	R37 182 351.55
Name of the Trust	Old Mutual Limited Employee Trust
Class of security	Old Mutual Limited ordinary shares
Nature of transactions	Purchase of Old Mutual Limited ordinary shares in a hedging
transaction in respect of the ESOP and LTIP awards.
Type of trade	On-market
Date of transaction	21-Dec-23
Number of shares	2 047 294
Price per share	R12.1078
Value	R24 788 226.29

Clearance to deal in accordance with paragraph 3.66 of the Listings Requirements was obtained.

Sandton
Sponsors
Johannesburg Stock Exchange	Merrill Lynch South Africa (Pty) Limited ta BofA Securities
Malawi Stock Exchange	Stockbrokers Malawi Limited
Namibia Stock Exchange	PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe Stock Exchange	Imara Capital Zimbabwe plc
Enquiries
Investor Relations
Langa Manqele	M: [phone]
Head: Investor Relations	E: [e-mail]
Communications
Tabby Tsengiwe	M: [phone]
	E: [e-mail]

Notes to Editors

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. Old Mutual's primary operations are in South Africa and the Africa Regions, and it has a niche business in Asia. With over 177 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.