Details of the Person Discharging Managerial Responsibilities (PDMR) Old Mutual Limited (Incorporated in the Republic of South Africa) Registration number: 2017/235138/06 ISIN: ZAE000255360 JSE Share Code: OMU NSX Share Code: OMM ("Old Mutual") 1. Details of the person discharging managerial responsibilities (PDMR) / person closely associated (PCA) a) Name of natural INGRID GAIL JOHNSON person 2. Reason for the notification a) Position / status NON EXECUTIVE DIRECTOR b) Initial notification / INITIAL NOTIFICATION amendment 3. Details of the issuer, emission market participant, auction platform, auctioneer or auction monitor a) Full name of the entity OLD MUTUAL LIMITED b) Legal Entity Identifier 213800MON84ZWWPQCN47 Code 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the NIL COST SHARE OPTIONS GRANTED UNDER THE OLD MUTUAL financial instrument, PLC PERFORMANCE SHARE PLAN type of instrument b) Identification Code ZAE000255360 c) Nature of the EXERCISE OF NIL COST SHARE OPTIONS transaction d) Currency GBP e) Price(s) and volume(s) Price(s) Volume(s) 192,419 214,085 f) Aggregated information - Aggregated volume 406,504 - Price - Total g) Date of transaction 2018-06-26 h) Place of the Outside a trading venue transaction 1. Details of the person discharging managerial responsibilities (PDMR) / person closely associated (PCA) a) Name of natural INGRID GAIL JOHNSON person 2. Reason for the notification a) Position / status NON EXECUTIVE DIRECTOR b) Initial notification / INITIAL NOTIFICATION amendment 3. Details of the issuer, emission market participant, auction platform, auctioneer or auction monitor a) Full name of the entity OLD MUTUAL LIMITED b) Legal Entity Identifier 213800MON84ZWWPQCN47 Code 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the FORFEITABLE SHARES AWARDS GRANTED UNDER THE OLD financial instrument, MUTUAL PLC SHARE REWARD PLAN type of instrument b) Identification Code ZAE000255360 c) Nature of the VESTING OF FORFEITABLE SHARES AWARDS transaction d) Currency GBP e) Price(s) and volume(s) Price(s) Volume(s) 215,419 187,354 200,124 f) Aggregated information - Aggregated volume 602,897 - Price - Total g) Date of transaction 2018-06-26 h) Place of the Outside a trading venue transaction JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 26/06/2018 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.