PDMR Notification 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”) 1. Details of the person discharging managerial responsibilities (PDMR) / person closely associated (PCA) a) Name of legal person GLOBAL ADVISORY AND CONSULTING SERVICES, AN ASSOCIATE COMPANY TO VASSI NAIDOO 2. Reason for the notification a) Position / status PCA OF VASSI NAIDOO – NON-EXECUTIVE DIRECTOR b) Initial notification / INITIAL NOTIFICATION amendment 3. Details of the issuer, emission market participant, auction platform, auctioneer or auction monitor a) Full name of the entity OLD MUTUAL LIMITED b) Legal Entity Identifier 213800MON84ZWWPQCN47 Code 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the ORDINARY SHARES financial instrument, type of instrument b) Identification Code ZAE000255360 c) Nature of the ON MARKET PURCHASE transaction d) Currency ZAR e) Price(s) and volume(s) Price(s) Volume(s) ZAR29.17 4,000 ZAR29.40 2,000 ZAR29.43 2,000 ZAR29.49 3,500 ZAR29.56 1,975 ZAR29.57 25 ZAR29.61 1,000 ZAR29.52 2,000 f) Aggregated information - Aggregated volume 16,500 - Price R29.414 - Total ZAR485,325.25 g) Date of transaction 2018-09-10 h) Place of the JSE LIMITED transaction Nature of Interest: Indirect Beneficial Clearance to trade was obtained Sandton 12 September 2018 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 12/09/2018 12:30:00 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.