Implementation of the Old Mutual Bula Tsela transaction and dealings in securities by the company secretary OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED Registration number 1999/004643/06 JSE alpha code: OLDM (“OMLACSA”) IMPLEMENTATION OF THE OLD MUTUAL BULA TSELA TRANSACTION AND DEALINGS IN SECURITIES BY THE COMPANY SECRETARY OF OMLACSA OMLACSA hereby notifies its debt investors that Old Mutual Limited (“Old Mutual”) has released an announcement regarding its Bula Tsela transformative broad-based black economic empowerment ownership transaction and the Old Mutual Bula Tsela retail offer. Old Mutual is the guarantor of OMLACSA’s OML11, OML12, OML13, OML14 and OML15 debt instruments. Grant of shares in the Employee Transaction to the Company Secretary In accordance with paragraph 6.42 of the Debt Listings Requirements, debtholders are advised that the company secretary of OMLACSA has been awarded forfeitable shares in terms of the Old Mutual’s Employee Transaction: Director Elsabé Margaretha Kirsten Position Company Secretary Company OMLACSA Nature of transactions Off-market acceptance of forfeitable shares in respect of the Employee Transaction Class of Securities Ordinary shares Transaction Date 21 November 2022 Vesting date Award vests in tranches of 25% on 21 November 2026, 25% on 21 November 2028 and 50% on 21 November 2030. Shares remain restricted until shortly after 21 November 2032 Number of shares 224 Grant Price per share 224 shares have been issued under the Employee Transaction to the relevant Employee Trust at an issue price of R10.2200 per share. No consideration is payable by the Company Secretary for the award Value of Transaction R2 289.2800 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Director Elsabé Margaretha Kirsten Position Company Secretary Company OMLACSA Nature of transactions Off-market acceptance of forfeitable shares in respect of the Employee Transaction Class of Securities Ordinary shares Transaction Date 21 November 2022 Vesting date Award vests in tranches of 25% on 21 November 2026, 25% on 21 November 2028 and 50% on 21 November 2030. Shares remain restricted until shortly after 21 November 2032. Number of shares 896 Grant Price per share 896 shares have been issued under the Employee Transaction to the relevant Employee Trust at an issue price of R3.3900 per share. No consideration is payable by the Company Secretary for the award Value of Transaction R3 037.4400 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF The announcement is available on Old Mutual’s website at https://www.oldmutual.com/investor-relations/debt-investors. 21 November 2022 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 21-11-2022 05:34:00 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.