Old Mutual Insure - business interruption

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref 28/20

29 July 2020

OLD MUTUAL INSURE ANNOUNCES BUSINESS INTERRUPTION COMMERCIAL SETTLEMENTS TO SMES HARDEST HIT BY THE COVID CRISIS

Shareholders are referred to the Old Mutual Insure media statement relating to business interruption commercial settlements to SMEs hardest hit by the COVID crisis which was released today.

The statement is available on the Old Mutual Insure website at https://www.oldmutual.co.za/about/old-mutual-insure.

Sandton

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Notes to Editors

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 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With 175 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.