OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED Registration number 1999/004643/06 JSE alpha code: OLDM (“OMLACSA”) CREDIT RATING ANNOUNCEMENT Noteholders are advised that S&P Global Ratings (“S&P”) has affirmed the global and national scale Issuer credit ratings of OMLACSA. The national scale rating on hybrid debt instruments issued by OMLACSA was increased from zaA+ to zaAA-, due to the under criteria observation “UCO” identifier being removed. The outlook on the long-term global scale rating remains at stable, with S&P not assigning an outlook to the national scale issuer credit rating. For commentary on the rating please refer to S&P's press release on the Old Mutual Limited website https://www.oldmutual.com/investor-relations/debt-investors or the S&P website www.spglobal.com/ratingsdirect. Johannesburg 10 July 2023 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited