Dealings in Securities by Directors and Company Secretary of Old Mutual 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 MSE Share Code: OMU ZSE Share Code: OMU ("Old Mutual" or “the Company”) Ref 05/19 26 March 2019 DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF OLD MUTUAL In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of Old Mutual have been awarded and accepted forfeitable shares in terms of the company’s Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules: Director Mthandazo Peter Moyo Position Chief Executive Officer Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award Class of Securities Ordinary shares Date of Award 20 March 2019 Date of Acceptance 22 March 2019 Vesting Date 20 March 2022 Number of shares 219,027 Grant Price per share R21.75 (being the closing price on 19 March 2019) Value of Transaction R4,763,821 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Director Mthandazo Peter Moyo Position Chief Executive Officer Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Award Class of Securities Ordinary shares Date of Award 20 March 2019 Date of Acceptance 22 March 2019 Vesting Date Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. Number of shares 579,311 Grant Price per share R21.75 (being the closing price on 19 March 2019) Value of Transaction R12,600,000 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Director Casparus Gerhardus Troskie Position Chief Financial Officer Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award Class of Securities Ordinary shares Date of Award 20 March 2019 Date of Acceptance 22 March 2019 Vesting Date 20 March 2022 Number of shares 119,371 Grant Price per share R21.75 (being the closing price on 19 March 2019) Value of Transaction R2,596,315 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Director Casparus Gerhardus Troskie Position Chief Financial Officer Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Award Class of Securities Ordinary shares Date of Award 20 March 2019 Date of Acceptance 22 March 2019 Vesting Date Award vests in equal tranches on 20 March 2022, 20 March 2023 and 20 March 2024 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee. Number of shares 238,966 Grant Price per share R21.75 (being the closing price on 19 March 2019) Value of Transaction R5,197,500 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Group Company Secretary Elsabé Margaretha Kirsten Position Company Secretary Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Deferred Bonus Award Class of Securities Ordinary shares Date of Award 20 March 2019 Date of Acceptance 22 March 2019 Vesting Date 20 March 2022 Number of shares 15,931 Grant Price per share R21.75 (being the closing price on 19 March 2019) Value of Transaction R346,497 Nature of interest Direct beneficial Clearance obtained Yes Place of the transaction XOFF Sponsors: Johannesburg Stock Exchange Merrill Lynch South Africa (Pty) Limited Namibia PSG Wealth Management (Namibia) (Proprietary) Limited Zimbabwe Imara Capital Zimbabwe plc Malawi Stockbrokers Malawi Limited Enquiries: Investor Relations Sizwe Ndlovu T: +27 (0)11 217 1163 Head of Investor Relations M: +27 (0)83 500 8019 E: tndlovu6@oldmutual.com Communications: Tabby Tsengiwe T: +27 (11) 217 1953 Head of Communications 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: 26/03/2019 04:05:00 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. 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