OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Implementation of the Old Mutual Bula Tsela transaction and dealings in securities by the company secretary

Implementation of the Old Mutual Bula Tsela transaction and dealings in securities by the company secretary

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: OLDM
(“OMLACSA”)

IMPLEMENTATION OF THE OLD MUTUAL BULA TSELA TRANSACTION AND DEALINGS IN SECURITIES BY THE
COMPANY SECRETARY OF OMLACSA

OMLACSA hereby notifies its debt investors that Old Mutual Limited (“Old Mutual”) has released an announcement
regarding its Bula Tsela transformative broad-based black economic empowerment ownership transaction and the Old
Mutual Bula Tsela retail offer.

Old Mutual is the guarantor of OMLACSA’s OML11, OML12, OML13, OML14 and OML15 debt instruments.

Grant of shares in the Employee Transaction to the Company Secretary

In accordance with paragraph 6.42 of the Debt Listings Requirements, debtholders are advised that the company secretary
of OMLACSA has been awarded forfeitable shares in terms of the Old Mutual’s Employee Transaction:

 Director                      Elsabé Margaretha Kirsten
 Position                      Company Secretary
 Company                       OMLACSA
 Nature of transactions        Off-market acceptance of forfeitable shares in respect of the Employee Transaction
 Class of Securities           Ordinary shares
 Transaction Date              21 November 2022
 Vesting date                  Award vests in tranches of 25% on 21 November 2026, 25% on 21 November 2028 and 50%
                               on 21 November 2030. Shares remain restricted until shortly after 21 November 2032
 Number of shares              224
 Grant Price per share         224 shares have been issued under the Employee Transaction to the relevant Employee
                               Trust at an issue price of R10.2200 per share. No consideration is payable by the Company
                               Secretary for the award
 Value of Transaction          R2 289.2800
 Nature of interest            Direct beneficial
 Clearance obtained            Yes
 Place of the transaction      XOFF

 Director                      Elsabé Margaretha Kirsten
 Position                      Company Secretary
 Company                       OMLACSA
 Nature of transactions        Off-market acceptance of forfeitable shares in respect of the Employee Transaction
 Class of Securities           Ordinary shares
 Transaction Date              21 November 2022
 Vesting date                  Award vests in tranches of 25% on 21 November 2026, 25% on 21 November 2028 and 50%
                               on 21 November 2030. Shares remain restricted until shortly after 21 November 2032.
 Number of shares              896
 Grant Price per share         896 shares have been issued under the Employee Transaction to the relevant Employee
                               Trust at an issue price of R3.3900 per share. No consideration is payable by the Company
                               Secretary for the award
 Value of Transaction          R3 037.4400
 Nature of interest            Direct beneficial
 Clearance obtained            Yes
 Place of the transaction      XOFF


The announcement is available on Old Mutual’s website at https://www.oldmutual.com/investor-relations/debt-investors.


21 November 2022

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

Date: 21-11-2022 05:34:00
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