Old Mutual : Results of shareholder voting at the General Meeting - Old Mutual Bula Tsela transaction (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 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
RESOLUTIONS					ABSTAINED
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: [phone]
Head: Investor Relations	E: [e-mail]
Communications
Vuyo Mtawa	M: [phone]
Head: Group Communication	E: [e-mail]

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.