Old Mutual : Results of Shareholder voting at the Annual General Meeting (NaN)

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 14/21

21 May 2021

RESULTS OF SHAREHOLDER VOTING AT THE ANNUAL GENERAL MEETING ("AGM")

Shareholders are advised that the ordinary and special resolutions proposed in the notice to shareholders dated April 2021, were passed by the requisite majority of votes of shareholders present in person or represented by proxy at the Company's AGM held on Friday, 21 May 2021.

The voting results were as follows:

		TOTAL SHARES VOTED		SHARES
ORDINARY RESOLUTIONS					ABSTAINED
FOR (%)	AGAINST	NUMBER	%*	%*
		(%)
Ordinary Resolution 1 - To	99.982%	0.018%	3 406 772 459	72.353%	0.13%
receive and adopt the
consolidated audited annual
financial statements for the
Company and its subsidiaries
for the year ended 31 December
2020
Ordinary Resolution 2.1 - To re-	99.627%	0.373%	3 407 003 410	72.358%	0.13%
elect Trevor Manuel as a
director of the Company
Ordinary Resolution 2.2 - To re-	91.728%	8.272%	3 406 990 319	72.357%	0.13%
elect Itumeleng Kgaboesele as
a director of the Company
Ordinary Resolution 2.3 - To re-	99.910%	0.090%	3 406 802 105	72.353%	0.13%
elect Marshall Rapiya as a
director of the Company
Ordinary Resolution 2.4 - To	99.918%	0.082%	3 406 640 241	72.350%	0.14%
elect Brian Armstrong as a
director of the Company
Ordinary Resolution 2.5 - To	81.176%	18.824%	3 405 805 830	72.332%	0.15%
elect Olufunke Ighodaro as a
director of the Company

Ordinary Resolution 2.6 - To	92.157%	7.843%	3 404 702 285	72.309%	0.18%
elect Jaco Langner as a director
of the Company
Ordinary Resolution 2.7 - To	99.911%	0.089%	3 405 811 313	72.332%	0.15%
elect Nomkhita Nqweni as a
director of the Company
Ordinary Resolution 3.1 - To	81.646%	18.354%	3 405 817 140	72.333%	0.15%
elect Olufunke Ighodaro as a
member of the Audit
committee
Ordinary Resolution 3.2 - To	99.439%	0.561%	3 406 264 579	72.342%	0.14%
elect Itumeleng Kgaboesele as
a member of the Audit
committee
Ordinary Resolution 3.3 - To	99.895%	0.105%	3 405 059 526	72.316%	0.17%
elect Jaco Langner as a
member of the Audit
committee
Ordinary Resolution 3.4 - To	99.788%	0.212%	3 406 080 752	72.338%	0.15%
elect John Lister as a member
of the Audit committee
Ordinary Resolution 3.5 - To	81.588%	18.412%	3 406 297 161	72.343%	0.14%
elect Nosipho Molope as a
member of the Audit
committee
Ordinary Resolution 3.6 - To	98.574%	1.426%	3 405 794 159	72.332%	0.15%
elect Nomkhita Nqweni as a
member of the Audit
committee
Ordinary Resolution 4.1 - To	98.641%	1.359%	3 407 822 905	72.375%	0.11%
reappoint Deloitte & Touche as
joint independent auditors until
the conclusion of the next AGM
of the company
Ordinary Resolution 4.2 - To	70.593%	29.407%	3 407 629 436	72.371%	0.12%
reappoint KPMG Inc. as joint
independent auditors until the
conclusion of the next AGM of
the Company
Ordinary Resolution 5.1 - Non-	54.454%	45.546%	3 402 600 218	72.264%	0.22%
binding advisory vote on the
Company's remuneration policy
Ordinary Resolution 5.2 - Non-	67.495%	32.505%	3 402 635 451	72.265%	0.22%
binding advisory vote on the
Company's remuneration
implementation report
Ordinary Resolution 6 - To	99.338%	0.662%	3 408 272 945	72.385%	0.10%
authorise any director or the
Group Company Secretary to
implement the ordinary
resolutions above as well as the
special resolutions to follow
Special Resolution 1 - To	98.116%	1.884%	3 403 903 125	72.292%	0.19%
approve the remuneration
payable to non-executive
directors
Special Resolution 2 - To grant	99.946%	0.054%	3 396 868 928	72.143%	0.08%
general authority to acquire the
Company's own ordinary shares

Special Resolution 3 - To	78.879%	21.121%	3 403 378 527	72.281%	0.21%
approve the provisions of
financial assistance to
subsidiaries and other related
and inter-related entities and to
directors, prescribed officers
and other persons participating
in share or other employee
incentive schemes

*as a percentage of total number of shares in issue 4,708,553,649 as at 9 May 2021.

The Board is disappointed with the outcome of the voting on the 2020 Remuneration Policy and Implementation Report following the significant improvement in the voting outcome for the 2019 report.

"The economic uncertainty created by the COVID-19 pandemic and the impact on business performance made 2020 a challenging year to set and implement competitive remuneration policies. We have engaged extensively with shareholders to understand their concerns and we recognise the fine balance between remuneration outcomes which continue to motivate and retain our best people whilst remaining aligned to shareholders' interests," said Itumeleng Kgaboesele, Chairman of the Remuneration committee.

The Group will continue engaging directly with shareholders to understand their exact issues and concerns so that appropriate decisions can be made with respect to remuneration policy and implementation for the current and future years. The Group will extend an invitation to shareholders through a SENS announcement setting out the manner and the timing of the engagement in due course.

"We remain committed to the continued improvement of our remuneration policies and practices through open and transparent engagement with all stakeholders." concludes Kgaboesele.

Sandton
Sponsors
Johannesburg Stock	Merrill Lynch South Africa (Pty) Limited
Exchange
Namibia	PSG Wealth Management (Namibia) (Proprietary) Limited
Zimbabwe	Imara Capital Zimbabwe plc
Malawi	Stockbrokers Malawi Limited

Enquiries
Investor Relations
Sizwe Ndlovu	T: [phone]
Head of Investor Relations	E: [e-mail]
Communications
Tabby Tsengiwe	T: [phone]
Head of Communications	M: [phone]
	E: [e-mail]

Notes to Editors

Old Mutual is a premium African financial services Group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

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