OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - S & P Global ratings affirm OMLACSAs credit rating

S & P Global ratings affirm OMLACSA’s credit rating

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: BOLDM
 ("OMLACSA” or the "Company")

S & P GLOBAL RATINGS AFFIRM OMLACSA’S CREDIT RATING

On 20 May 2022, S&P Global Ratings (“S&P”) revised its outlook to positive from stable and
affirmed the “BB” foreign currency and “BB” local currency long-term sovereign credit rating
on South Africa.

Following the above, on 24 May 2022 S&P affirmed the ‘BB’ global rating and ‘zaA-1+’ and
‘zaAAA’ short-term and long-term national scale ratings for OMLACSA respectively. The
outlook has been revised to Positive from Stable to reflect S&P’s positive outlook on the
sovereign.


For commentary on the rating please refer to the S&P's press release on the Old Mutual
website https://www.oldmutual.com/investor-relations/debt-investors or the S&P website
www.spglobal.com/ratingsdirect.

03 June 2022

Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-06-2022 02:31:00
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