OLD MUTUAL LIMITED - Changes to Board Committees

Changes to Board Committees

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Share Code: OMLI
LSE Share Code: OMU
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU
("Old Mutual" or "the Company")


Ref 12_25
24 April 2026


CHANGES TO BOARD COMMITTEES

In compliance with paragraph 6.71 of the JSE Listings Requirements, shareholders are advised of the
following changes to the Old Mutual Limited board of directors ("Board") and its committees.

Shareholders are reminded that the Company was incorporated in 2018 with a newly constituted Board,
the majority of whose directors were appointed at that time. In line with the Board's rotation policy, as set
out in the Memorandum of Incorporation, the Board continues to implement a structured and phased
approach to succession. This includes a staggered rotation of directors to give effect to tenure limits,
support independence and effective shareholder oversight, and balance Board refreshment with
continuity, institutional knowledge and sound governance.


Changes to the Chairmanship of Technology and Platforms Committee

Mr Stewart van Graan (70) will step down as Chairman of the Technology and Platforms Committee and
member of the Corporate Governance and Nomination Committee and will be succeeded in those
positions by Dr Brian Armstrong (65), with effect from the close of the Annual General Meeting ("AGM") on
5 June 2026. Mr van Graan will retire from the Board during the course of the year once the new Board
appointments, currently underway, assume their positions.


Dr Armstrong, a director since 2020, holds BSc (Eng), MSc (Eng) and PhD qualifications and is Professor
of Practice in Digital Transformation at the Gordon Institute of Business Science (effective 1 May 2026). He
is widely recognised as a leading expert in ICT and digital transformation, with extensive experience across
information technology, listed companies, remuneration and performance management, and strategy.
He currently serves on the Responsible Business, Related Party Transactions and Technology & Platforms
Committees.


Changes to the Audit and Actuarial Committees

Mr Itumeleng Kgaboesele (54) will step down from the Audit and Actuarial Committees at the close of the
AGM. He will remain on the Board and continue to serve as Chairman of the Remuneration Committee
until he concludes his Board tenure on 31 December 2026.

Chairman-designate's Board committees

Upon assuming the chairmanship of the Company at the conclusion of the AGM, Chairman-designate
Roger Jardine will chair the Corporate Governance and Nomination Committee and step down from the
Remuneration and Responsible Business Committees.

Further appointments to the Board will, subject to customary regulatory approvals, be announced in due
course.


This announcement is also available on the Old Mutual website at www.oldmutual.com.


Sandton


Sponsors
JSE equity sponsor: Tamela Holdings (Proprietary) Limited
JSE debt sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
NSX: PSG Wealth Management (Namibia) (Proprietary) Limited
ZSE: Imara Capital Zimbabwe plc
MSE: Stockbrokers Malawi Limited


Enquiries
Investor Relations
Langa Manqele
M: +27 (0)82 295 9840
E: investorrelations@oldmutual.com


Communications
Wendy Tlou
M: +27 (0)82 906 5008
E: oldmutualnews@oldmutual.com


About Old Mutual
Old Mutual is a premium African financial services group that offers a broad spectrum of financial
solutions to retail and corporate customers across key market segments in 12 countries. Old Mutual's
primary operations are in Africa and it has a niche business in China. With over 180 years of heritage across
sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on
the continent.

For further information on Old Mutual and its underlying businesses, please visit the Corporate website
at www.oldmutual.com

Date: 24-04-2026 04:00:00
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