Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE, MSE, ZSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual" or “the Company”)


Ref 19/23


22 March 2023


FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual’s Results announcement dated 14 March 2023, wherein the company declared a final
dividend of 51 cents per share. The dividend will be payable to all shareholders (except for Old Mutual Limited shareholders on the
London Stock Exchange (LSE)) on 17 April 2023. The dividend payment date for Old Mutual Limited shareholders on the LSE is
15 May 2023.


The dividend of 51 cents per ordinary share will be subject to a local dividend tax rate of 20% which will result in a net final dividend,
to those shareholders who are not exempt from paying dividend tax, of 40.800 cents per ordinary share. Shareholders who are not
exempt or are not subject to a reduced rate in terms of a double taxation agreement, will be subject to a dividend withholding tax at
a rate of 20%.


Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the final
dividend. Distributions made through the dividend access trust or similar arrangements established in a country will not be subject
to South African withholding tax but may be subject to withholding tax in the relevant country. We recommend that you consult with
your tax advisor regarding the in-country withholding tax consequences.


The local currency equivalents of the final dividend have been established as follows:
 Malawi                                              28.91342     Malawian kwacha per share
 Namibia                                             51.00000     Namibian cents per share
 United Kingdom                                       2.27334     GBP pence per share
 Zimbabwe                                         2,466.15087     RTGS cents per share


The local currency equivalents have been calculated using the following exchange rates:
 Malawi                                              56.69298     Malawian kwacha per Rand
 Namibia                                              1.00000     Namibian Dollar per Rand
 United Kingdom                                      22.43400     Rand per Pound sterling
 Zimbabwe                                             0.02068     Rand per RTGS dollar


The timetable released on the Stock Exchange News Service on 14 March 2023 remains unchanged.



Sponsors
 JSE                                       Merrill Lynch South Africa (Pty) Limited
 Malawi                                    Stockbrokers Malawi Limited
 Namibia                                   PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe                                  Imara Capital Zimbabwe plc
Enquiries

 Investor Relations
 Bonga Mriga                              T: +27 (0)67 866 6348
 Interim: Head of Investor Relations      E: bmriga@oldmutual.com


 Communications:
 Vuyo Mtawa                               M: +27 (0)68 422 8125
 Head of Communications                   E: VMtawa@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 market segments in 14 countries. Old Mutual's primary operations are in South Africa and the Rest
of Africa and it has a niche business in Asia. With over 177 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part
of the communities they serve and the broader society on the continent.

For further information on Old Mutual and its underlying businesses, please visit the corporate website at www.oldmutual.com.