OLD MUTUAL INSURE LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1970/006619/06 JSE alpha code: MFEI (“Old Mutual Insure”) OLD MUTUAL’S BULA TSELA BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION Old Mutual Insure hereby notifies its debt investors that Old Mutual Limited (“Old Mutual”) has released an announcement for its Bula Tsela broad-based black economic empowerment ownership transaction in Old Mutual. Old Mutual is the ultimate holding company of Old Mutual Insure. The announcement is available on Old Mutual’s website at https://www.oldmutual.com/investor-relations/debt- investors. 4 November 2022 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited