OLD MUTUAL LIMITED - Suspension of Fungibility of Old Mutual Limited Shares on the Zimbabwe Stock Exchange

Suspension of Fungibility of Old Mutual Limited Shares on the Zimbabwe Stock Exchange

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 07/20
2 April 2020

SUSPENSION OF FUNGIBILITY OF OLD MUTUAL LIMITED SHARES ON THE ZIMBABWE STOCK
EXCHANGE

Shareholders holding Old Mutual shares on the Zimbabwe Stock Exchange (“ZSE”)
are advised that on 15 March 2020, the Zimbabwe Minister of Finance issued
the Exchange Control (Suspension of Fungibility of Certain Shares) Order,
2020 (Government Notice 583 of 2020) (“the Fungibility Suspension Order”).

The Fungibility Suspension Order suspends every exchange control authority,
directive or order granted by any exchange control authority allowing the
fungibility of the Company’s shares listed on the Zimbabwe Stock Exchange
until 12 March 2021. It does not affect transactions conducted on the ZSE on
or before 13 March 2020 and in respect of which settlement was due by 18
March 2020.

The Company’s understanding is that the shares listed on the ZSE remain
tradable subject to the limitations introduced by the Fungibility Suspension
Order and the Securities and Exchange Commission of Zimbabwe’s related audit
of transactions. This may have a material effect on the price of the
Company’s securities traded on the Zimbabwe Stock Exchange.

Accordingly, shareholders are advised to exercise caution when dealing in the
Company’s securities on the ZSE until a further announcement is made as may
be necessary.

Sandton

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
Head of Investor Relations    T: +27 (0)11 217 1163
E: tndlovu6@oldmutual.com

Tokelo Mulaudzi   T: +27 (0)11 217 1042
Investor Relations Manager    E: tmulaudzi3@oldmutual.com

Communications
Tabby Tsengiwe
Head of Communications T: +27 (11) 217 1953
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 over 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: 02-04-2020 04:00:00
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.