OLD MUTUAL LIMITED - Old Mutual Share Repurchase Programme

Old Mutual Share Repurchase Programme

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Alpha Code: OMLI
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "OML" or "the Company")


Ref 98/24


19 November 2024


OLD MUTUAL SHARE REPURCHASE PROGRAMME

Shareholders are referred to the general repurchase authority ("General Repurchase Authority") received
at the Annual General Meeting on 31 May 2024, which authorises the Company to acquire up to 5% of Old
Mutual's ordinary shares in accordance with the Johannesburg Stock Exchange ("JSE") Listings
Requirements. Old Mutual has since received approval from the Prudential Authority to proceed with a
share buyback of circa 81 million shares or such number of shares equivalent to R1 billion under the
General Repurchase Authority (the "Repurchase Programme"). OML wishes to announce that the
Repurchase Programme will commence on 21 November 2024 and will continue until the approved
maximum amount is reached.

The repurchase of OML shares will take place on the JSE only and will be implemented in terms of the JSE
Listing Requirements

The OML Board believes that OML is trading at a discount to its intrinsic value and is of the view that a
Repurchase Programme will deliver longer term incremental value to shareholders. The purpose of the
Repurchase Programme is to reduce the share capital of the Company.

The repurchased shares shall be cancelled as issued shares and will revert to authorised but unissued
share capital status.

This announcement is also available on the Old Mutual website at www.oldmutual.com.

Sandton

Sponsors
JSE                                   Equity Sponsor: Tamela Holdings (Proprietary) Limited
                                      Debt Sponsor: Nedbank Corporate and Investment Banking, a
                                      division of Nedbank Limited
Namibia                               PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe                              Imara Capital Zimbabwe plc
Malawi                                Stockbrokers Malawi Limited

Enquiries
Investor Relations
Langa Manqele                        M: +27 82 295 9840
Head of Investor Relations           E: investorrelations@oldmutual.com


Communications
Wendy Tlou                           M: +27 82 906 5008
Chief Communications
and Reputation Officer               E: oldmutualnews@oldmutual.com


Notes to Editors

About Old Mutual
Old Mutual is a premium African financial services group that offers a broad spectrum of financial
solutions to retail and corporate customers across key market segments in 12 countries. Old Mutual's
primary operations are in Africa and it has a niche business in China. With over 179 years of heritage across
sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as 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: 19-11-2024 04:00:00
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