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Update on 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 "Company")
Ref: 06/26
02 April 2026
UPDATE ON SHARE REPURCHASE PROGRAMME
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE
Limited ("JSE") on 3 October 2025 informing shareholders of the commencement of the Repurchase
Programme ("the Repurchase"). In line with paragraph 7.90 of the JSE Listings Requirements,
shareholders are advised that, in accordance with the general authority granted by shareholders at the
Company's Annual General Meeting held on 30 May 2025 ("General Authority"), the Company has
cumulatively repurchased 147 004 816 ordinary shares ("Shares") in aggregate, being 3.12% of the
Company's Shares in issue as at 30 May 2025.
Details of the Repurchase
Item Detail
Dates of repurchases 3 October 2025 to 31 March 2026
Total ordinary shares repurchased 147 004 816 shares
Ordinary shares de-listed and cancelled (reverted to authorised 123 254 816 shares
but unissued share capital) between between 27 October 2025
and 2 April 2026
Shares remaining as treasury shares (to be de-listed and 23 750 000 shares
cancelled by 10 April 2026)
Total treasury shares held in the Group (number and 161 750 000
percentage of total in issue) including the 23 750 000 shares shares / 3.43%
above
Total value of shares repurchased R2 074 052 548.22
Average price paid per share R14.10874 per share
Highest price paid per share R15.49880 per share
Lowest price paid per share R12.95650 per share
Percentage of Shares which may still be repurchased by the 6.88%
Company in terms of the General Authority
Number of Shares which may still be repurchased by the 324 284 924
Company in terms of the General Authority
All repurchases were effected on the open market through the JSE central order book, and at prices not
greater than 10% above the volume weighted average price of Old Mutual ordinary shares traded on the
JSE for the five business days immediately preceding the date on which such purchases were effected, in
compliance with the JSE Listings Requirements. The Company confirms that any repurchase undertaken
during a prohibited period was effected through a repurchase programme as contemplated in, and
conducted in compliance with, the JSE Listings Requirements.
The Board confirms that it has considered the effect of the repurchases and it has complied with the
solvency and liquidity test in accordance with the Companies Act.
Source of funds
The shares were repurchased from the Company's available surplus cash resources.
Impact of the Repurchase on Financial Information
The repurchase programme has the effect of reducing the number of ordinary shares in issue. Total
shareholders' equity is reduced by the consideration paid, with a corresponding reduction in cash and
cash equivalents on the statement of financial position.
This announcement is also available on the Old Mutual website at www.oldmutual.com.
Sandton
Sponsors
JSE equity sponsor: Tamela Holdings (Proprietary) Limited
JSE debt sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
NSX: PSG Wealth Management (Namibia) (Proprietary) Limited
ZSE: Imara Capital Zimbabwe plc
MSE: Stockbrokers Malawi Limited
Enquiries
Investor Relations
Langa Manqele
M: +27 (0)82 295 9840
E: investorrelations@oldmutual.com
Communications
Wendy Tlou
M: +27 (0)82 906 5008
E: oldmutualnews@oldmutual.com
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 180 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: 02-04-2026 08:30:00
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