31 Aug - 3 min read

Engagement with shareholders regarding Old Mutual's Remuneration Implementation Report

Engagement with shareholders regarding Old Mutual's Remuneration Implementation Report

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

31 August 2021

Ref 20/21


Shareholders of Old Mutual are referred to the results of annual general meeting announcement
released on the Stock Exchange News Service on 21 May 2021 ("Announcement").

The non-binding advisory resolutions on the endorsement of the remuneration policy and the
remuneration implementation report, disclosed in the Announcement achieved 54.45% and 67.49%
respectively and thus did not achieve the requisite 75% majority of votes.

In terms of the recommendations of the King IV Report on Corporate Governance for South Africa,
2016 and paragraph 3.84(k) of the JSE Limited Listings Requirements, an engagement with the
dissenting shareholders is required.

Old Mutual expects that its remuneration policies and practices will mature and improve through
an iterative process that will be facilitated through continuous open and transparent engagement
with stakeholders. Consequently, Old Mutual invites dissenting shareholders to raise concerns or
recommendations regarding the non-binding advisory resolution directly with the chairman of the
remuneration committee, Mr Itumeleng Kgaboesele, by making their written submissions to the
Group     Company     Secretary,       Elsabe   Kirsten,   using   the   following   email   address   -
AGM@oldmutual.com, by no later than 17:00 on Friday, 10 September 2021 ("closing date").

For any other enquiries relating to the abovementioned resolutions, you may contact the Group
Company Secretary using the email address - AGM@oldmutual.com.

 JSE                                  Merrill Lynch South Africa (Pty) Limited t/a BofA Securities
 Namibia                              PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe                             Imara Capital Zimbabwe plc
 Malawi                               Stockbrokers Malawi Limited

 Investor Relations
 Sizwe Ndlovu                         T: +27 (0)11 217 1163
 Head of Investor Relations           M: +27 (83) 500 8019
                                      E: tndlovu6@oldmutual.com
 Vuyo Mtawa                           M: +27 68 422 8125
 Head: Group Communications           E: VMtawa@oldmutual.com

Notes to Editors

About Old Mutual Limited

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 14 countries. Old Mutual's
primary operations are in South Africa and the Rest of Africa and it has a niche business in Asia. With
over 176 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the
communities they serve and the 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: 31-08-2021 05:30:00
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