OLD MUTUAL LIMITED - Change In Directorate

Change In Directorate

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")

Ref 78/18
30 November 2018

                             CHANGE IN DIRECTORATE

In compliance with rule 3.59 of the JSE Listings Requirements, Old Mutual
announces the resignation of Vassi Naidoo as the non-executive director of the
Company, with effect from 31 December 2018.

Shareholders are referred to the announcement by Old Mutual on 26 September 2018
regarding the unbundling by Old Mutual of a significant portion of Old Mutual’s
shareholding in Nedbank Group shares (‘the Unbundling’).   Old Mutual implemented
the Unbundling on 15 October 2018, through the distribution of approximately
31,73% of the issued shares of Nedbank Group to OML shareholders, whilst retaining
a strategic minority stake of 19.9% of the issued share capital in Nedbank Group
in its shareholder funds to underpin the continuing relationship and commercial
benefits between the two organisations.


Trevor Manuel, Chairman of Old Mutual commented:
Vassi played an important role in guarding both the Old Mutual plc, Nedbank Group
Limited and Old Mutual’s Boards through the complexity of the successful Managed
Separation process.   He continuously drove for clarity and transparency in the
management of sometimes competing stakeholder interests.

With the completion of the unbundling of the majority of Old Mutual’s stake in
Nedbank, the Board has agreed that it is appropriate for Vassi to step down from
his non-executive directorship of Old Mutual.


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        E: Patrick.bowes@omg.co.uk
Relations)

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.

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