OLD MUTUAL INSURE LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1970/006619/06 JSE alpha code: MFEI (“Old Mutual Insure”) IMPLEMENTATION OF THE OLD MUTUAL BULA TSELA TRANSACTION Old Mutual Insure hereby notifies its debt investors that Old Mutual Limited (“Old Mutual”) has released an announcement regarding its Bula Tsela transformative broad-based black economic empowerment ownership transaction and the Old Mutual Bula Tsela retail offer. 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. 21 November 2022 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited