Acquisition of Securities by Clients of Allan Gray 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") Ref 21/18 6 July 2018 ACQUISITION OF SECURITIES BY CLIENTS OF ALLAN GRAY In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (“the Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Old Mutual has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of the Company such that the total interest in the ordinary shares of the Company held by Allan Gray’s clients now amounts to 10.1230% of the total issues ordinary shares of the Company. As required in terms of section 122(3)(a) of the Act, Old Mutual has filed the required notice with the Takeover Regulation Panel. JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Enquiries Investor Relations Nwabisa Piki T: +27 (11) 217 1951 M: +27 (0)83 846 1474 E: npiki@oldmutual.com Communications: Tabby Tsengiwe T: +27 (11) 217 1953 M: +27 (0)60 547 4947 E: ttsengiwe@oldmutual.com Notes to Editors About Old Mutual Limited Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and 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: 06/07/2018 11:00:00 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.