Dealings in Securities on Behalf of Employee Share Incentive Scheme 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)” LEI: 213800MON84ZWWPQCN47 Ref 48_18 19 September 2018 DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEME In compliance with the Listings Requirements of the JSE Limited the following information is provided: Name of the Scheme Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust Class of security Old Mutual Ordinary Shares Nature of transactions Purchase of Old Mutual Ordinary Shares in a hedging transaction in respect of the OML Employee Share Ownership Plan (OML ESOP) and OML Long Term Incentive Plan (OML LTIP) awards Type of trade On market Date of transaction 14 September 2018 Number of shares purchased 2,250,000 Price per share R29.3233 Value R65,977,425.00 Date of transaction 17 September 2018 Number of shares purchased 3,296,049 Price per share R29.5981 Value R97,556,787.91 Date of transaction 18 September 2018 Number of shares purchased 1,429,869 Price per share R30.0187 Value R42,922,808.55 Name of the Scheme Old Mutual Limited Employee Trust Class of security Old Mutual Ordinary Shares Nature of transactions Purchase of Old Mutual Ordinary Shares in a hedging transaction in respect of the OML ESOP and OML LTIP awards Type of trade On market Date of transaction 17 September 2018 Number of shares purchased 1,619,700 Price per share R29.5981 Value R47,940,042.57 Date of transaction 18 September 2018 Number of shares purchased 673,190 Price per share R30.0187 Value R20,208,288.65 Prior written approval in terms of paragraph 3.66 of the Listings Requirements was obtained. JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Namibian Sponsor: PSG Wealth Management (Namibia) (Proprietary) Limited Enquiries Investor Relations Patrick Bowes (Interim Head of Investor Relations) T: +44 (0)20 7002 7440 E: Patrick.bowes@omg.co.uk 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: 19/09/2018 12:00:00 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.