OMU Old Mutual Limited

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Alpha Code: OMLI

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 02/25

17 February 2025

CHANGE IN DIRECTORATE

CHIEF EXECUTIVE OFFICER TO TAKE EARLY RETIREMENT

In compliance with paragraph 3.59 of the Listing Requirements of the JSE Limited, Old Mutual Limited ("Old Mutual") hereby announces that Mr Iain Williamson will take early retirement and step down as Chief Executive Officer ("CEO") and executive director of the Company on 31 August 2025.

The Board has accepted Mr Williamson's request to take early retirement after 32 years with the Old Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and service to the Company, its clients and the industry. He will leave Old Mutual a stronger, more resilient and more innovative company that is ideally positioned to grow and thrive into the future. Iain will work with the Old Mutual Board and his successor, upon their appointment, to ensure a smooth and managed handover.

The Board has initiated a process, considering internal and external candidates, to identity a new CEO to lead the company through its next phase of growth and innovation. The Board intends to conclude this process expeditiously.

This announcement is also available on the Old Mutual website at www.oldmutual.com.

Sandton

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About Old Mutual

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 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 179 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on the continent.

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