Changes to the Board Old Mutual Limited Incorporated in the Republic of South Africa Registration number: 2017/235138/06 ISIN: ZAE000255360 LEI: 213800MON84ZWWPQCN47 JSE Share Code: OMU NSX Share Code: OMM ("Old Mutual" or “the Company”) Ref 62/18 9 October 2018 CHANGE IN DIRECTORATE In compliance with rule 3.59 of the JSE Listings Requirements, Old Mutual announces the resignation of Mr Ignatius Sehoole as a non-executive director of the Company, as well as chairman of the audit committee, with effect from 8 October 2018. The Board takes this opportunity to express their appreciation to Ignatius for his valuable contributions and guidance over the period that he was on the Board and extend their best wishes for his future endeavours. JSE Sponsor Merrill Lynch South Africa (Pty) Limited Namibian Sponsor PSG Wealth Management (Namibia) (Proprietary) Limited Enquiries Investor Relations Patrick Bowes T: +44 (0)20 7002 7440 (Interim Head of Investor 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: 09/10/2018 05:35:00 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.