Share Repurchase Programme - Dealings in Own Shares 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 MSE Share Code: OMU ZSE Share Code: OMU ("Old Mutual" or “the Company”) Ref 03/19 22 March 2019 OLD MUTUAL SHARE REPURCHASE PROGRAMME - DEALINGS IN OWN SHARES Old Mutual announces that between 13 March 2019 and 19 March 2019 it purchased the following number of its ordinary shares on the Johannesburg Stock Exchange (“JSE”) through RMB Morgan Stanley (Pty) Ltd (“Repurchased Shares”). Such purchase was effected pursuant to instructions issued by Old Mutual on 13 March 2019, as part of its up to R2 billion share repurchase programme announced on 11 March 2019. Ordinary Shares Dates of purchase 13 March 2019 to 19 March 2019 Aggregate Number of ordinary shares purchased: 13 395 180 Highest price paid per share (cents): 2 236 Lowest price paid per share (cents): 2 118 The Repurchased Shares shall be cancelled as issued shares and will revert to authorised but unissued share capital status. Following the shares purchased to date by Old Mutual under the share repurchase programme Old Mutual will have 4,928,653,175 ordinary shares in issue. This figure may be used by shareholders as the denominator for purposes of calculating their percentage interest in Old Mutual's issued share capital, to the extent required, for purposes of the South African Companies Act, 2008 (having regard to sections 122 and 123 thereof in particular) or whether they are required to notify their interest in, or a change to their interest in, Old Mutual under the FCA's Disclosure Guidance and Transparency Rules. Schedule of purchases - aggregate information Trading venue Date Volume weighted Daily average price aggregated (cents per share) volume JSE 13 March 2019 2 129 46 500 JSE 14 March 2019 2 140 3 228 194 JSE 15 March 2019 2 154 3 080 981 JSE 18 March 2019 2 201 3 473 808 JSE 19 March 2019 2 210 3 565 697 In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information of the individual trades made by RMB Morgan Stanley (Pty) Ltd as part of the buyback share repurchase programme is available on www.oldmutual.com/investor-relations/share-repurchase-information/ An announcement will be published in terms of the JSE Listings Requirements when the Company has cumulatively repurchased 3% of the securities in issue. This announcement is also available on the Old Mutual website at www.oldmutual.com. Sponsors Johannesburg Stock Merrill Lynch South Africa (Pty) Limited Exchange Namibia PSG Wealth Management (Namibia) (Proprietary) Limited Zimbabwe Imara Capital Zimbabwe plc Malawi Stockbrokers Malawi Limited Enquiries Investor Relations T: +27 (0)11 217 1163 Sizwe Ndlovu E: tndlovu6@oldmutual.com Head of Investor Relations Communications: Tabby Tsengiwe T: +27 (11) 217 1953 Head of Communications 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: 22/03/2019 11:15:00 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.