OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: OLDM
(“OMLACSA”)

NOTICE OF AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS OF GUARANTOR AND
ANNUAL FINANCIAL STATEMENTS OF OMLACSA


OMLACSA hereby notifies its debt investors that further to the release of the reviewed
condensed consolidated financial statements for the year ended 31 December 2022 of Old
Mutual Limited (“Old Mutual”) on Tuesday, 14 March 2023, the audited annual financial
statements for Old Mutual have been released and have been audited by Ernst & Young
Inc and Deloitte & Touche, who expressed an unmodified opinion thereon.

The audited annual financial statements contain no modifications to the reviewed
preliminary annual results and reviewed condensed consolidated financial statements
published on 14 March 2023 except for an adjustment which resulted in an increase in total
assets and a corresponding increase in total liabilities, totalling R2.5 billion, in the
consolidated statement of financial position relating to the consolidation of investment
funds. This adjustment had no impact on the net asset value, profit after tax for the financial
year, total comprehensive income for the financial year, adjusted headline earnings,
consolidated statement of cash flows or any other key performance indicator previously
published.

The Old Mutual audited annual financial statements, containing the audit opinion,
including key audit matters can be obtained on Old Mutual’s website via the link
https://www.oldmutual.com/investor-relations/reporting-centre/results and for inspection
at Mutualpark, Jan Smuts Drive, Pinelands, Cape Town.

The Old Mutual audited annual financial statements contain a restatement to the cash flow
statement for the year ended 31 December 2021 relating to cash flows from investing
activities, resulting in a net increase in cash and cash equivalents and total cash and cash
equivalents as fully set out in the notes to the Old Mutual audited annual financial
statements.


Old Mutual is the guarantor of the OMLACSA OML11, OML12, OML13, OML14 and OML15 debt
instruments.


In addition, OMLACSA hereby notifies its debt investors that it has publicly released its
audited annual financial statements for the year ended 31 December 2022 (“AFS”).


The AFS of OMLACSA have been audited by Ernst & Young Inc. and Deloitte & Touche, who
expressed an unmodified opinion thereon.


The AFS of OMLACSA, containing the audit opinion, including key audit matters can be
obtained on Old Mutual’s website via the link https://www.oldmutual.com/investor-
relations/reporting-centre/results and for inspection at Mutualpark, Jan Smuts Drive,
Pinelands, Cape Town.
Furthermore, the AFS of OMLACSA contain a restatement to the separate and consolidated
cash flow statements for the year ended 31 December 2021 relating to cash flows from
operating activities, resulting in an increase in net cash inflow from operating activities and
net cash outflow from financing activities as fully set out in the notes to the AFS of
OMLACSA.

24 March 2023
Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank
Limited