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On 19 November 2025, S&P Global Ratings announced rating actions for Old Mutual Limited and Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA). Old Mutual's national scale credit rating was raised to 'zaAA+/zaA-1' from 'zaA+/zaA-1'. Concurrently, OMLACSA's global scale rating was upgraded to 'BB+' from 'BB' with a positive outlook assigned, and its national scale rating and debt rating were affirmed.
| Date | 19 Nov 2025 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 2057I |
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
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual")
41/25
19 November 2025
CREDIT RATING ANNOUNCEMENT
Investors are advised that on 19 November 2025, S&P Global Ratings ("S&P") announced the following rating actions following the upgrade of South Africa's sovereign credit ratings:
· Old Mutual's national scale credit rating was raised to 'zaAA+/zaA-1' from 'zaA+/zaA-1'.
· Old Mutual Life Assurance Company (South Africa) Limited's ("OMLACSA") global scale rating was upgraded to 'BB+' from 'BB', with a positive outlook assigned.
· The national scale rating on OMLACSA and its debt was affirmed.
These rating actions have also positively impacted Old Mutual, as guarantor of OMLACSA.
S&P's credit rating announcement is available on its website at www.spglobal.com/ratings.
Sandton
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Sponsors |
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Johannesburg Stock Exchange |
Equity Sponsor: Tamela Holdings Proprietary Limited |
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Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
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Malawi Stock Exchange |
Stockbrokers Malawi Limited |
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Namibia Stock Exchange |
PSG Wealth Management (Namibia) Proprietary Limited |
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Zimbabwe Stock Exchange |
Imara Capital Zimbabwe plc |
Enquiries
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Investor Relations |
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Langa Manqele Head of Investor Relations |
M: +27 82 295 9840 E: investorrelations@oldmutual.com |
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Communications |
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Wendy Tlou Chief Communications & Reputation Officer |
M: +27 82 906 5008 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.