Finalisation Announcement and Dividend Currency Equivalents Old Mutual Limited Incorporated in the Republic of South Africa Registration number: 2017/235138/06 ISIN: ZAE000255360 LEI: 213800MON84ZWWPQCN47 JSE, MSE, ZSE Share Code: OMU NSX Share Code: OMM ("Old Mutual" or “the Company”) Ref 08/20 23 March 2020 FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS Shareholders are referred to Old Mutual’s Preliminary Results announcement dated 16 March 2020, wherein the company declared a final dividend of 75 cents per share, which will be paid on Monday, 4 May 2020. The dividend of 75 cents per ordinary share will be subject to a local dividend tax rate of 20% which will result in a net final dividend, to those shareholders who are not exempt from paying dividend tax, of 60 cents per ordinary share. International shareholders who are not exempt or are not subject to a reduced rate in terms of a double taxation agreement, will be subject to a dividend withholding tax at a rate of 20%. Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the final dividend. Distributions made through the dividend access trust or similar arrangements established in a country will not be subject to South African withholding tax but may be subject to withholding tax in the relevant country. We recommend that you consult with your tax advisor regarding the in-country withholding tax consequences. The local currency equivalents of the final dividend have now been established as follows: Malawi 32.34 Malawian kwacha per share Namibia 75.00 Namibian cents per share United Kingdom 3.71 GBP pence per share Zimbabwe 91.37 RTGS cents per share These local currency equivalents have been calculated using the following exchange rates: Malawi 43.1139 Malawian kwacha per Rand Namibia 1.0000 Namibian cents per Rand United Kingdom 20.2070 Rand per Pound sterling Zimbabwe 0.8208 Rand per RTGS dollar The timetable released on the Stock Exchange News Service on 16 March 2020 remains unchanged. Sponsors JSE Merrill Lynch South Africa (Pty) Limited Malawi Stockbrokers Malawi Limited Namibia PSG Wealth Management (Namibia) (Proprietary) Limited Zimbabwe Imara Capital Zimbabwe plc Enquiries Investor Relations Sizwe Ndlovu T: +27 (0)11 217 1163 Head of Investor E: tndlovu6@oldmutual.com Relations Tokelo Mulaudzi T: +27 (0)11 217 1042 Investor Relations E: tmulaudzi3@oldmutual.com Manager 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 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With 175 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: 23-03-2020 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.