Dealings in securities by Directors of the Company and Company Secretary Old Mutual Limited Incorporated in the Republic of South Africa (Registration number: 2017/235138/06) ISIN: ZAE000255360 JSE Share Code: OMU NSX Share Code: OMM (“Old Mutual)” LEI: 213800MON84ZWWPQCN47 Ref 80_18 18 December 2018 DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND COMPANY SECRETARY OF OLD MUTUAL. Awards In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of the Company have been awarded and accepted forfeitable shares in terms of the company’s Employee Share Ownership Plan (ESOP) and Long-Term Incentive Plan (LTIP) Rules: Director Mthandazo Peter Moyo Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 18 December 2018 Vesting Date 18 September 2020 Number of awarded 128 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R2,816 Nature of interest Direct beneficial Clearance obtained Yes Director Mthandazo Peter Moyo Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the Old Mutual Emerging Markets Managed Separation Incentive Plan Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 18 December 2018 Vesting Date 18 September 2019 Number of awarded 86,180 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R1,895,960 Nature of interest Direct beneficial Clearance obtained Yes Director Casparus Gerhardus Troskie Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 14 December 2018 Vesting Date 18 September 2020 Number of awarded 128 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R2,816 Nature of interest Direct beneficial Clearance obtained Yes Director Casparus Gerhardus Troskie Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the ESOP Appointment Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 14 December 2018 Vesting Date 18 September 2021 Number of awarded 31,831 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R700,282 Nature of interest Direct beneficial Clearance obtained Yes Director Casparus Gerhardus Troskie Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the LTIP Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 14 December 2018 Vesting Date Award vests in equal tranches on 18 September 2021, 18 September 2022 and 18 September 2023 respectively subject to meeting the required conditions as determined by the OML Remuneration Committee Number of awarded 114,589 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R2,520,958 Nature of interest Direct beneficial Clearance obtained Yes Group Company Secretary Elsabé Margaretha Kirsten Company Old Mutual Nature of transactions Off-market award of forfeitable shares in respect of the Broad-Based Employee Share Plan Special Award Class of Securities Forfeitable OML ordinary shares Date of Award 14 December 2018 Date of Acceptance 18 December 2018 Vesting Date 18 September 2020 Number of awarded 128 forfeitable shares Grant Price per share R22.00 (being the closing price on 13 December 2018) Valuation of Transaction R2,816 Nature of interest Direct beneficial Clearance obtained Yes JSE Sponsor Merrill Lynch South Africa (Pty) Limited Namibian Sponsor PSG Wealth Management (Namibia) (Proprietary) Limited Enquiries Investor Relations T: +44 (0)20 7002 7440 Patrick Bowes E: Patrick.bowes@omg.co.uk (Interim Head of Investor Relations) Communications: Tabby Tsengiwe T: +27 (11) 217 1953 M: +27 (0)60 547 4947 E: ttsengiwe@oldmutual.com Notes to Editors 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. Date: 18/12/2018 02:00:00 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. 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