OLD MUTUAL LIMITED - Results of Shareholder Voting at GM

Results of Shareholder Voting at GM

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


Ref 38/22
12 August 2022


RESULTS OF SHAREHOLDER VOTING AT THE GENERAL MEETING (“GM”) - OLD MUTUAL BULA TSELA
TRANSACTION

Shareholders are referred to the announcement dated 13 July 2022 regarding the distribution of the circular
and notice of general meeting regarding the Company’s transformative B-BBEE ownership transaction
named Old Mutual Bula Tsela (“Transaction”).


Old Mutual is pleased to advise shareholders that the ordinary and special resolutions regarding the
Transaction, were passed by the requisite majority of votes of shareholders present in person or represented
by proxy at the GM held on Friday, 12 August 2022.


The voting results were as follows:


                                                      TOTAL SHARES VOTED                           SHARES
                                                                                                 ABSTAINED
 RESOLUTIONS
                                      FOR (%)   AGAINST                NUMBER           %*          %*
                                                     (%)
Ordinary Resolution Number 1 –        99.88%     0.12%          2,968,938,694       63.05%       0.45%
Authority for specific issues of
shares for cash
Special Resolution Number 1 –         99.95%     0.05%          2,968,948,475       63.05%       0.45%
Authority for financial
assistance
Special Resolution Number 2 –         99.96%     0.04%          2,973,779,024       63.16%       0.35%
Authority for future specific
repurchases
Ordinary Resolution Number 2 –        99.99%     0.01%          2,969,846,090       63.07%       0.43%
Authority to implement


*as a percentage of total number of shares in issue 4,708,553,649 as at 5 August 2022.


“We would like to thank our shareholders for their ongoing support on this milestone transaction, which
gives life to our commitment to transformation, delivering on our 2018 undertaking. It results in Old Mutual
exceeding 33% B-BBEE ownership and further enables us to play a role in transforming the financial futures
of those who participate in the scheme. We are proud to be the first insurer to facilitate an offer of shares
directly to the black South African public and believe that the inclusion of the eligible public contributes
to making this a truly transformative transaction.” Old Mutual CEO, Iain Williamson


Salient dates relating to the Bula Tsela Retail Scheme:


The Old Mutual Bula Tsela Retail Scheme will be opened on 22 August 2022, with the application window
closing on 24 October 2022 and the Transaction is expected to be fully implemented by December 2022.
Full details will be provided in a detailed prospectus, which will be released on our website at
https://www.oldmutual.com/bula-tsela/ on 22 August 2022.


Sandton


Corporate Advisers
Tamela Holdings Proprietary Limited
Rand Merchant Bank (a division of FirstRand Bank Limited)


Independent Reporting Accountants and Auditors
Deloitte & Touche


Legal Adviser to Old Mutual
Bowman Gilfillan Inc.


JSE Transaction Sponsor
Merrill Lynch South Africa (Pty) Limited t/a BofA Securities


Sponsors

 Johannesburg Stock Exchange          Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

 Malawi Stock Exchange                Stockbrokers Malawi Limited

 Namibia Stock Exchange               PSG Wealth Management (Namibia) (Proprietary) Limited

 Zimbabwe Stock Exchange              Imara Capital Zimbabwe plc


Enquiries


  Investor Relations
  Sizwe Ndlovu                         T: +27 (0)11 217 1163
  Head: Investor Relations             E: tndlovu6@oldmutual.com



  Communications
  Vuyo Mtawa                           M: +27 68 422 8125
  Head: Group Communication            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 177 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: 12-08-2022 02:00:00
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