Dealings in Securities by Directors of the Company and Company Secretary 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” or “Company”) LEI: 213800MON84ZWWPQCN47 Ref 50_18 25 September 2018 DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY OF OLD MUTUAL. Awards In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following director of the Company have been awarded and accepted forfeitable shares in terms of the Company’s Long Term Incentive Plan (LTIP) Rules: Director Troskie, Casparus Gerhardus Company Old Mutual Nature of transaction Off-market award of forfeitable shares in respect of the LTIP Award Class of Securities Forfeitable OML ordinary shares Date of Award 18 September 2018 Date of Acceptance 21 September 2018 Vesting Dates Award vests in equal tranches on 18 September 2021, 18 September 2022 and 18 September 2023 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee Number of awarded 302,014 forfeitable shares Award Price per share R29.80 (being the closing price on 17 September 2018) Deemed Value of Transaction R9,000,000 Nature of interest Direct beneficial Clearance obtained Yes In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of the Company have been awarded and accepted forfeitable shares in terms of the company’s Employee Share Ownership Plan (ESOP) Rules, subject to a continued employment condition: Director Troskie, Casparus Gerhardus Company Old Mutual Nature of transaction Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Award Class of Securities Forfeitable OML ordinary shares Date of Award 18 September 2018 Date of Acceptance 21 September 2018 Vesting Date 18 September 2020 Number of awarded 336 forfeitable shares Award Price per share R29.80 (being the closing price on 17 September 2018) Deemed Value of Transaction R10,000 Nature of interest Direct beneficial Clearance obtained Yes Director Troskie, Casparus Gerhardus Company Old Mutual Nature of transaction Off-market award of forfeitable shares in respect of the ESOP appointment Award Class of Securities Forfeitable OML ordinary shares Date of Award 18 September 2018 Date of Acceptance 21 September 2018 Vesting Date 18 September 2021 Number of awarded 83,893 forfeitable shares Award Price per share R29.80 (being the closing price on 17 September 2018) Deemed Value of Transaction R2,500,000 Nature of interest Direct beneficial Clearance obtained Yes Group Company Secretary Kirsten, Elsabé Margaretha Company Old Mutual Nature of transaction Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Class of Securities Forfeitable OML ordinary shares Date of Award 18 September 2018 Date of Acceptance 21 September 2018 Vesting Date 18 September 2020 Number of awarded 336 forfeitable shares Award Price per share R29.80 (being the closing price on 17 September 2018) Deemed Value of Transaction R10,000 Nature of interest Direct beneficial Clearance obtained Yes 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 T: +44 (0)20 7002 7440 Relations) 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: 25/09/2018 05:10:00 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.