Old Mutual Lim. Regulatory News (OMU)

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

("Old Mutual")

Ref 77/18

30 November 2018

CHANGE IN DIRECTORATE

In compliance with rule 3.59 of the JSE Listings Requirements, Old Mutual announces the resignation of Ingrid Johnson as the non-executive director of the Company, with effect from 30 November 2018.

Trevor Manuel, Chairman of Old Mutual commented:

Ingrid agreed to take on the role of Interim Finance Director in the run up to the listing of Old Mutual whilst we proceeded with the recruitment process for Casper Troskie, the current Chief Financial Officer. This was in addition to her primary role as Group Finance Director of Old Mutual plc. Upon material completion of the managed separation and the listing of Old Mutual, Ingrid became a non-executive director.

Following on from the successful transition of CFO accountabilities and Old Mutual's listing, the Board has agreed that it is now appropriate for Ingrid to step down as a non-executive director. The Board wishes to acknowledge Ingrid's tireless and crucial contribution to the Old Mutual and Nedbank over 25 years, and most recently to Old Mutual's listing preparation. We wish her continued success in her future endeavours.

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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.