OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED Registration number 1999/004643/06 JSE alpha code: OLDM (“OMLACSA”) DISTRIBUTION OF CIRCULAR, INCLUDING A NOTICE OF GENERAL MEETING, RELATING TO OLD MUTUAL’S PROPOSED BULA TSELA BROAD-BASED BLACK ECONOMIC EMPOWERMENT (“B-BBEE”) TRANSACTION AND NOTICE IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT OMLACSA hereby notifies its debt investors that Old Mutual Limited (“Old Mutual”) has released an announcement in respect of the distribution of a circular to shareholders relating to the transformative B-BBEE ownership transaction named Old Mutual Bula Tsela, seSotho for “open or pave the way” (“Transaction”), containing a notice of a general meeting of shareholders to be held by electronic participation only at 10:00 (South African Standard Time) on Friday, 12 August 2022. Old Mutual is the guarantor of OMLACSA OML11, OML12, OML13 and OML14 debt instruments. The announcement is available on Old Mutual’s website at https://www.oldmutual.com/investor- relations/debt-investors. 13 July 2022 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited