OLD MUTUAL LIMITED - Prabashini Moodley: CEO New Life & Savings, Clarence Nethengwe: Exec oversight OM Finance & OM Transaction Services

Prabashini Moodley: CEO New Life & Savings, Clarence Nethengwe: Exec oversight OM Finance & OM Transaction Services

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Share Code: OMLI
LSE Share Code: OMU
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual")

Ref: 23/25
07 July 2025


APPOINTMENT OF PRABASHINI MOODLEY AS CHIEF EXECUTIVE OFFICER OF NEW LIFE & SAVINGS
SEGMENT AND SHIFT OF EXECUTIVE OVERSIGHT OF OLD MUTUAL FINANCE AND OLD MUTUAL
TRANSACTION SERVICES TO OM BANK CEO CLARENCE NETHENGWE

Shareholders are hereby notified of the appointment of Ms Prabashini Moodley as Chief Executive
Officer (CEO) of Old Mutual's newly configured Life and Savings segment, effective 1 August 2025.
Prabashini will report directly to the Group CEO, Jurie Strydom. The Life and Savings segment will
consist of four business units namely, Personal Finance, Old Mutual Wealth Management, Old
Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding banking. The Managing
Directors of these business units will report to Prabashini.

The formation of the Life and Savings segment will ultimately enable more effective delivery to
customers and intermediaries in South Africa and greater leveraging of the benefits of scale
efficiencies in key areas.

Prabashini is currently the Managing Director of Old Mutual Corporate and has enjoyed a long and
successful career at Old Mutual. She joined the Group in 2002 and qualified as an actuary shortly
thereafter. Prabashini also holds a Global Executive MBA from IESE Business School and has served
in various roles across Personal Finance, Old Mutual Investment Group, and the MFC, including four
years as the MFC's Chief Financial Officer. Her international experience includes a tenure at Skandia
México, where she established and led a customer segment business.

Old Mutual Group CEO Jurie Strydom said: "I want to congratulate Prabashini on her well-deserved
appointment. I am confident that Prabashini will bring the clarity, energy, and accountability needed
to lead her team and create value across these business units. In addition, the shift of Old Mutual
Finance and Old Mutual Transaction Services to fall under the executive oversight of OM Bank CEO
Clarence Nethengwe, marks a strategic step in aligning Old Mutual's banking operations in South
Africa as we prepare for the launch of OM Bank."

These changes reflect Old Mutual's continued commitment to enhancing organisational
effectiveness, driving operational efficiency, and delivering sustainable value to customers and all
stakeholders.

Sandton
                                                                                                    

07 July 2025
Sponsors


JSE                                  Equity Sponsor: Tamela Holdings (Proprietary) Limited
                                     Debt Sponsor: Nedbank Corporate and Investment Banking,
                                     a division of Nedbank Limited
Namibia                              PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe                             Imara Capital Zimbabwe plc
Malawi                               Stockbrokers Malawi Limited


Enquiries


Investor Relations
Langa Manqele                        M: +27 82 295 9840
Head of Investor Relations           E: investorrelations@oldmutual.com


Communications
Wendy Tlou                           M: +27 82 906 5008
Chief Communications and             E: oldmutualnews@oldmutual.com
Reputation Officer


Notes to Editors

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 180 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

Date: 07-07-2025 09:00:00
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