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 LEI: 213800MON84ZWWPQCN47 JSE Share Code: OMU NSX Share Code: OMM MSE Share Code: OMU ZSE Share Code: OMU ("Old Mutual" or “the Company”) Ref 10/20 31 March 2020 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 in respect of trading by various employee incentive schemes: Old Mutual Namibia Employee Based Name of the Scheme Empowerment Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 27-Mar-20 Number of shares 691 957 Price per share R12.2982 Value R8 509 825.58 Old Mutual Namibia Management Incentive Name of the Scheme Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 27-Mar-20 Number of shares 421 501 Price per share R12.2982 Value R5 183 703.60 Old Mutual Limited Broad-Based Black Name of the Scheme Economic Empowerment Employee Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 25-Mar-20 Number of shares 5 582 638 Price per share R11.2363 Value R62 728 195.00 Date of transaction 26-Mar-20 Number of shares 1 641 841 Price per share R12.2916 Value R20 180 853.00 Date of transaction 26-Mar-20 Number of shares 3 283 682 Price per share R12.1895 Value R40 026 442.00 Date of transaction 27-Mar-20 Number of shares 2 553 583 Price per share R12.3253 Value R31 473 677.00 Date of transaction 27-Mar-20 Number of shares 1 243 287 Price per share R12.1272 Value R15 077 590.00 Date of transaction 27-Mar-20 Number of shares 4 229 800 Price per share R12.1238 Value R51 281 249.00 Name of the Scheme Old Mutual Limited Employee Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 25-Mar-20 Number of shares 2 938 296 Price per share R11.2657 Value R33 101 961.00 Date of transaction 26-Mar-20 Number of shares 1 358 159 Price per share R12.2916 Value R16 693 947.00 Date of transaction 26-Mar-20 Number of shares 2 716 318 Price per share R12.1895 Value R33 110 558.00 Date of transaction 27-Mar-20 Number of shares 1 964 993 Price per share R12.3253 Value R24 219 128.00 Date of transaction 27-Mar-20 Number of shares 956 713 Price per share R12.1272 Value R11 602 250.00 Date of transaction 27-Mar-20 Number of shares 2 921 707 Price per share R12.1238 Value R35 422 191.00 Old Mutual Insure Broad-Based Black Name of the Scheme Economic Empowerment Employee Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 26-Mar-20 Number of shares 1 090 302 Price per share R12.3067 Value R13 418 020.00 Date of transaction 27-Mar-20 Number of shares 1 099 540 Price per share R12.2033 Value R13 418 016.00 Name of the Scheme Old Mutual Insure Employee Trust Class of security Old Mutual Ordinary shares Purchase of Old Mutual Ordinary Shares in a Nature of transactions hedging transaction in respect of the ESOP awards. Type of trade On-market Date of transaction 26-Mar-20 Number of shares 552 004 Price per share R12.3067 Value R6 793 348.00 Date of transaction 27-Mar-20 Number of shares 556 682 Price per share R12.2033 Value R6 793 357.00 Sandton Sponsors Johannesburg Stock Merrill Lynch South Africa (Pty) Limited Exchange 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 Tokelo Mulaudzi T: +27 (0)11 217 1161 Investor Relations Manager E: tmulaudzi3@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 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: 30-03-2020 05:42:00 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.