OLD MUTUAL LIMITED - Old Mutual- Appointment of Independent Non-Executive Directors

Old Mutual- Appointment of Independent Non-Executive Directors

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
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual" or "the Company")


Ref 28_25
10 September 2025


Appointment of Independent Non-Executive Directors

In compliance with paragraph 3.59 of the JSE Listings Requirements and paragraph 6.42 of
the Debt & Specialist Securities Listings Requirements, shareholders are advised of the
following changes to the board of Old Mutual Limited ("Old Mutual Board").

The Old Mutual Board is pleased to announce the appointment of Mr Roger Jardine and
Mr Jan-Hendrik Erasmus as independent non-executive directors of the Company and of
Old Mutual Life Assurance Company (South Africa) Limited ("OMLACSA"), with effect from
the date of receipt of regulatory approval.

Old Mutual Board Chairman Trevor Manuel said: "We are delighted to welcome Mr Jardine
and Mr Erasmus to the Board. Both bring exceptional leadership and governance
experience that will further strengthen and support the Company's strategic ambitions.
Together, they offer deep insight into the financial services, information technology and
investment sectors, and provide us with further significant audit, actuarial, risk and
operational expertise. Their appointments reflect our commitment to a planned and
orderly process of board renewal, ensuring Old Mutual remains well positioned to deliver
sustainable value to all stakeholders."

Roger Jardine is a highly respected South African business leader with extensive board and
executive experience across South Africa and the broader Southern African region. Roger
most recently served as Chairman of FirstRand Limited for close to six years and was past
Chief Executive Officer of three South African companies being Kagiso Media, the Aveng
Group, and Primedia. He also served as non-executive director of several companies in
diverse industries including steel, retail, manufacturing, IT services, mining services, and
infrastructure development. He brings deep expertise in financial services, leadership and
governance, commercial operations, stakeholder engagement, policy and regulatory
environments.

Roger holds an MSc in Radiological Physics from Wayne State University and a BSc in
Physics from Haverford College, both in the United States.

Jan-Hendrik Erasmus has over 20 years' experience in the financial services and insurance
industry in South Africa, the United Kingdom ("UK"), and Europe and has deep and
extensive expertise in risk, capital and investment management, actuarial science and
international financial regulation. He is currently the Chief Financial Officer and an
Executive Board Member of Athora Netherlands, the largest operating entity of Athora,
which is one of Europe's fastest-growing savings and retirement services companies. His
previous roles include: Group Chief Risk Officer ("CRO") at Aviva plc, CRO and Management
Board Member at NN Group, and Partner at Oliver Wyman, where he led the UK Insurance
Practice and was part of the firm's European Leadership Team. He is a former Chair of the
European (Insurance) CRO Forum and also served as a Senior Advisor to Mundi Ventures'
Insurtech Funds.

Jan Hendrik holds an Executive MBA (with distinction) from London Business School and a
degree in Actuarial Science from the University of Pretoria. He is a Fellow of the Institute of
Actuaries in the UK and a Chartered Enterprise Risk Actuary ("CERA").

In line with its medium-term succession plan and provisions in its Board Charter, Old
Mutual is undertaking a staggered rotation of directors that balances the need to refresh
the Old Mutual Board while ensuring continuity.

Sandton


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 83 301 9663
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: 10-09-2025 07:06:00
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