OLD MUTUAL LIMITED - Appointment of S Abraham as CEO-designate Old Mutual Insure & R Thakurdin as Group Chief Risk Officer of Old Mutual

Appointment of S Abraham as CEO-designate Old Mutual Insure & R Thakurdin as Group Chief Risk Officer of Old Mutual

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


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13 November 2025

APPOINTMENT OF SOUL ABRAHAM AS CEO-DESIGNATE OF OLD MUTUAL INSURE AND RANEN THAKURDIN AS
GROUP CHIEF RISK OFFICER OF OLD MUTUAL


Shareholders are hereby notified of the appointments of Mr. Soul Abraham as Chief Executive Officer
(CEO)-designate of Old Mutual Insure, a wholly owned subsidiary of Old Mutual, and Mr. Ranen
Thakurdin as Group Chief Risk Officer of Old Mutual. Both executives will serve as members of the Old
Mutual Group Executive Committee.

Mr Abraham is currently Chief Executive of Retail Insurance at Old Mutual Insure and has been with the
Group for 10 years. He recently led a successful strategic turnaround of the Retail Insurance business. He
holds a Bachelor of Science Honours degree in Actuarial Science from the University of the
Witwatersrand and a Postgraduate Diploma in Leadership (Cum Laude) from Stellenbosch Business
School. To ensure a smooth leadership transition, Mr Abraham will assume the CEO-designate role on 1
January 2026, working alongside the current CEO, Charles Nortje. He will formally become CEO on 1
April 2026, subject to regulatory approval. Mr Nortje will retire on 31 December 2026.

Mr Thakurdin is currently Chief Accountant reporting to the Group Chief Financial Officer. He is a qualified
actuary (FASSA) and holds CFA, MBA and FRM certifications. He combines deep financial services
expertise with a proven track record of driving strategic leadership and execution in complex
environments. Mr Thakurdin has been with the Group for seven years and previously spent over a
decade at Liberty Life. His appointment is effective from 1 January 2026, subject to regulatory approval.
Current Group Chief Risk Officer, Richard Treagus will retire on 31 December 2025 and will work with Mr
Thakurdin until he assumes the role.

Group CEO, Jurie Strydom commented "These appointments reflect a well-considered succession
process and demonstrate the depth of our leadership bench, enabling us to navigate change with
clarity and confidence. They join our leadership team at an exciting time as we sharpen our focus and
execution to deliver even better products and services to customers and unlock value and generate
growth for the Group. I look forward to working with Soul and Ranen and wish them success in their new
roles. I would also like to thank Charles and Richard for their exceptional service to the Company over
many years, and for their invaluable support. Their contributions and professional commitment are
greatly valued and have been instrumental to Old Mutual's success."
Sandton

Sponsors
JSE                                   Equity Sponsor: Tamela Holdings (Proprietary) Limited
                                      Debt Sponsor: Nedbank Corporate and Investment Banking, a
                                      division of Nedbank Limited
Namibia                               PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe                              Imara Capital Zimbabwe plc
Malawi                                Stockbrokers Malawi Limited

Enquiries

Investor Relations
Langa Manqele                        M: +27 82 295 9840
Head of Investor Relations           E: investorrelations@oldmutual.com


Communications
Wendy Tlou                            M: +27 82 906 5008
Chief Communications
and Reputation Officer                E: oldmutualnews@oldmutual.com


Notes to Editors

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




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Date: 13-11-2025 05:00:00
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