Dealings in securities on behalf of Employee Share Incentive Scheme 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)” LEI: 213800MON84ZWWPQCN47 Ref 81_18 20 December 2018 DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEME In compliance with the Listings Requirements of the JSE Limited the following information is provided: Name of the Scheme Old Mutual Limited Employee Trust Class of security Old Mutual Ordinary shares Nature of transactions Purchase of Old Mutual Ordinary Shares in a hedging transaction in respect of the OML ESOP awards Type of trade On-market Date of transaction 18 December 2018 Number of shares purchased 103,138 Price per share R21.6855 Value R2,236,599 Prior written approval in terms of paragraph 3.66 of the Listings Requirements was obtained. 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: 20/12/2018 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.