Dividend Currency Equivalents and SARB Approval for Special Dividend 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") Ref 43/18 LEI: 213800MON84ZWWPQCN47 11 September 2018 DIVIDEND CURRENCY EQUIVALENTS AND SARB APPROVAL FOR SPECIAL DIVIDEND Shareholders are referred to Old Mutual’s Interim Results announcement dated 31 August 2018, wherein the company declared an interim dividend of 45 cents per share and a special dividend of 100 cents per share, which will be paid on 16 October 2018. Shareholders on the London, Malawian, Namibian and Zimbabwean registers will be paid in the local currency equivalents of the interim and special dividends. In Malawi, Namibia and Zimbabwe these payments will be made through dividend access trust or similar arrangements established in each country. The local currency equivalents of the Interim and Special dividend have now been established as follows: Malawi 69.05 Malawi kwacha per share Namibia 145 Namibian cents per share United Kingdom 7.27 GBP pence per share Zimbabwe 9.49 US cents per share These local currency equivalents have been calculated using the following exchange rates: Malawi 47.6190 Malawian kwacha per Rand Namibia 1.0000 Namibian dollars per Rand United Kingdom 19.9449 Rand per Pound sterling Zimbabwe 15.2810 Rand per US dollar The timetable pertaining to the Interim and Special dividend is as follows: Transfers suspended between registers Close of business on Monday, 10 September 2018 Finalisation announcement and exchange rates Tuesday, 11 September 2018 announced Last day to trade cum dividend for Tuesday, 18 September 2018 shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers Ex-dividend date for shareholders on the Wednesday, 19 September 2018 South African Register and Malawi, Namibia and Zimbabwe branch registers Last day to trade cum dividend for Wednesday, 19 September 2018 shareholders on the UK register Ex-dividend date for shareholders on the UK Thursday, 20 September 2018 register Record date (all registers) Close of business on Friday, 21 September 2018 Transfers between registers restart Opening of business on Tuesday, 25 September 2018 Interim and Special Dividend payment date Tuesday, 16 October 2018 Furthermore, Old Mutual hereby confirms that the exchange control approval for the payment of a special dividend, has now been obtained from the South African Reserve Bank. The payment of the special dividend is therefore unconditional and will be paid in terms of the timetable set out in the aforementioned SENS announcement. 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: 11/09/2018 11:00:00 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.