Notice of AGM and investor engagement

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Share Code: OMLI

LSE Share Code: OMU

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 11_25

15 April 2025

NOTICE OF ANNUAL GENERAL MEETING, CHANGES TO THE BOARD AND INVESTOR ENGAGEMENT

Shareholders are referred to the Company's announcement released on the Stock Exchange News Service of the JSE Limited ("SENS") dated 18 March 2025 regarding the release of the integrated report and investor engagement and are advised that the summarised consolidated financial statements together with the notice of annual general meeting ("AGM") will be distributed to shareholders today.  

The audited consolidated financial statements ("AFS"), which were made available on the Company's website on 18 March 2025, were audited by the Company's joint external auditors, Deloitte & Touche and Ernst & Young Inc., who expressed an unqualified opinion on the AFS. The relevant audit opinions are contained in the aforementioned AFS. While the AFS are available through the JSE cloudlink https://senspdf.jse.co.za/documents/2025/jse/isse/OMUE/FY24Result.pdf, the integrated report is only available through the Company weblink at https://www.oldmutual.com/investor-relations/reporting-centre/reports.

Notice is hereby given that the AGM of the Company will be held in person in the Auditorium, Ground Floor, Mutual Place, 107 Rivonia Road, Sandton, Johannesburg and simultaneously by electronic participation, on Friday, 30 May 2025 at 10:00 to transact the business as set out in the notice of AGM. The Company has retained the services of The Meeting Specialist Proprietary Limited ("TMS") to remotely host the AGM on an interactive electronic platform, in order to facilitate remote participation and voting by shareholders. TMS will also act as scrutineer for purposes of the AGM. In order to participate electronically in and/or vote at the AGM, shareholders are required to contact TMS on [email protected] or alternatively contact them on +27 (0)84 433 4836 / +27 (0)81 711 4255 / +27 (0)61 440 0654 as soon as possible, but in any event no later than 10:00 SA time on Wednesday, 28 May 2025. TMS will assist shareholders with the requirements for electronic participation in, and/or voting at, the AGM.

The salient information relating to the AGM is set out below:

No share certificates may be dematerialised or rematerialised from Wednesday, 21 May 2025 to Friday, 23 May 2025, both days inclusive.

Changes to the Board of Directors

In compliance with rule 3.59 of the JSE Listing Requirements, shareholders are advised of the following impending change to the board of directors of the Company ("the Board").

Shareholders are reminded that the Company was incorporated in 2018 with a newly appointed Board and with all its directors appointed at the same time. To enhance its medium-term succession plan, the Board will have a staggered rotation of directors that balances the need to refresh the Board while ensuring continuity.

In line with this plan, Thoko Mokgosi-Mwantembe, being due for rotation, has indicated that she will not be available for re-election and will therefore step down from the Board with effect from the conclusion of the AGM on Friday, 30 May 2025. The Board would like to express its sincere appreciation to Thoko, who has provided invaluable contributions to the Board and the Company during her tenure as director.

The appointment of a new director to replace Thoko will be announced in due course.

Investor engagement

Old Mutual will publish a voluntary operating update in respect of the first quarter ("Q1") 2025 trading conditions in advance of the AGM.  Further details in this regard will be released on SENS.

Sandton

 Sponsors

Enquiries

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.