OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED Registration number 1999/004643/06

JSE alpha code: OLDM ("OMLACSA")

FINALISATION ANNOUCEMENT: UNBUNDLING BY OLD MUTUAL LIMITED OF A PORTION OF ITS SHAREHOLDING IN NEDBANK GROUP LIMITED

OMLACSA hereby notifies its debt investors that Old Mutual Limited ("Old Mutual") has released an announcement for the finalisation of the unbundling of a portion of its shareholding in Nedbank Group Limited to the ordinary shareholders of Old Mutual ("the Finalisation Announcement").

Old Mutual is the guarantor of the OMLACSA OML11, OML12 and OML13 debt instruments.

The Finalisation Announcement is available on Old Mutual's website at https://www.oldmutual.com/investor- relations/debt-investors.

26 October 2021

Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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Old Mutual Ltd. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 09:15:09 UTC.