OLD MUTUAL LIMITED - Change in Directorate - CEO to Take Early Retirement

Change in Directorate - CEO to Take Early Retirement

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 "the Company")


Ref 02/25


17 February 2025


CHANGE IN DIRECTORATE


CHIEF EXECUTIVE OFFICER TO TAKE EARLY RETIREMENT

In compliance with paragraph 3.59 of the Listing Requirements of the JSE Limited, Old Mutual Limited
("Old Mutual") hereby announces that Mr Iain Williamson will take early retirement and step down as
Chief Executive Officer ("CEO") and executive director of the Company on 31 August 2025.

The Board has accepted Mr Williamson's request to take early retirement after 32 years with the Old
Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and
service to the Company, its clients and the industry. He will leave Old Mutual a stronger, more resilient
and more innovative company that is ideally positioned to grow and thrive into the future. Iain will work
with the Old Mutual Board and his successor, upon their appointment, to ensure a smooth and
managed handover.

The Board has initiated a process, considering internal and external candidates, to identity a new CEO
to lead the company through its next phase of growth and innovation. The Board intends to conclude
this process expeditiously.

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 &            E: oldmutualnews@oldmutual.com
Reputation Officer

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: 17-02-2025 05:00:00
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