Old Mutual trading statement for the period ended 30 June 2022 Old Mutual Limited Incorporated in the Republic of South Africa Registration number: 2017/235138/06 ISIN: ZAE000255360 LEI: 213800MON84ZWWPQCN47 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”) Ref 37/22 11 August 2022 OLD MUTUAL TRADING STATEMENT FOR THE PERIOD ENDED 30 June 2022 Investors are advised that Old Mutual is currently in the process of finalising its interim results for the period ended 30 June 2022 ("current period"), which will be released on the Stock Exchange News Service of the JSE Limited on Tuesday, 30 August 2022. This trading statement provides an indication of a range for headline earnings per ordinary share (HEPS) and earnings attributable to equity holders of the Group per ordinary share (EPS) in terms of paragraph 3.4(b) of the JSE Limited Listings Requirements compared to the period ended 30 June 2021 ("comparative period"). Investors are advised that the Group’s key profit measures are expected to be within the ranges outlined below: Unaudited results for six months Key Performance Indicators ended (R million unless stated Estimated Estimated otherwise) % change 30 June 2022 30 June 2021 Results from Operations (RFO) 77% - 97% 3 878 – 4 316 2 190 Adjusted Headline Earnings (AHE) (17%) – 3% 2 400 – 2 980 2 899 AHEPS (cents)¹ (17%) – 3% 52.9 – 65.6 63.4 1 AHEPS defined as AHE divided by the weighted average number of ordinary shares (WANS) adjusted to reflect the Group's B-BBEE shares and shares held in policyholder and consolidated investment funds. Investors are reminded that in H1 2021 AHE included the equity accounted earnings from our strategic equity investment in Nedbank which was unbundled in November 2021. The 12.2% stake in Nedbank that was distributed contributed R646 million of the R2 899 million of AHE in the comparative period. HEPS and Basic EPS are expected to fall within the ranges outlined below: Unaudited results for six months Key Performance Indicators ended (R million unless stated Estimated Estimated otherwise) % change 30 June 2022 30 June 2021 IFRS profit after tax attributable to equity holders of the parent 65% - 85% 4 924 – 5 520 2 984 Basic EPS (cents) 64% - 84% 111.3 – 124.9 67.8 Headline Earnings 53% - 73% 4 824 – 5 455 3 155 HEPS (cents) 52% - 72% 109.1 – 123.4 71.7 Headline earnings is higher than AHE, as AHE excludes earnings from operations in Zimbabwe, adjustments in respect of equity and debt instruments held in life funds as well as the impact of restructuring. The movement between Headline Earnings and AHE was primarily driven by the deferred tax associated with the unbundling of Nedbank in the comparative period as well as an increase in respect of equity and debt instruments held in life funds. The financial information in this trading statement is the responsibility of the Old Mutual Limited Board of Directors and has not been reviewed or reported on by the Group’s external auditors. Sandton Sponsors 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 Enquiries Investor Relations Sizwe Ndlovu T: +27 (0)11 217 1163 Head of Investor Relations E: tndlovu6@oldmutual.com Communications 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 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: 11-08-2022 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.