OLD MUTUAL LIMITED - Change in Responsibilities of a Director

Change in Responsibilities of a Director

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 10/19
3 April 2019

CHANGE IN RESPONSIBILITIES OF A DIRECTOR

In compliance with paragraph 3.59 of the JSE Listing Requirements, the Board of
Old Mutual has considered an arms-length transaction by                Ms. T M Mokgosi-
Mwantembe in her personal capacity and, given the nature of the transaction,
have resolved that Ms. Mokgosi-Mwantembe can no longer be classified as an
independent Director on the Old Mutual Limited Board.               Ms. Mokgosi-Mwantembe
has therefore stepped down as Remuneration Committee Chairperson and the Board
has appointed Ms. N T Moholi as member of the Remuneration Committee as well as
its Chairperson.      To allow Ms. Moholi sufficient time to discharge this role,
she has stepped down as Technology and Platforms Committee Chairperson with Mr.
S van Graan assuming that role.            These changes are effective immediately.

The Chairman of the Board, Mr. T A Manuel, would like to thank Ms. Mokgosi-
Mwantembe     for    her    significant       contribution   as   Remuneration    Committee
Chairperson, especially steering the Committee during the period of Managed
Separation, where the Committee was instrumental in providing the Board with
guidance and direction in respect of the Remuneration Philosophy and Policy for
the newly listed entity.          The Chairman further congratulated Ms.         Moholi and
Mr. van Graan on their new roles.


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   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.

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