Old Mutual Limited

Capital/Financing Update • Nov 19, 2025

National Storage Mechanism | Additional information

RNS Number : 2057I

Old Mutual Limited

19 November 2025

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

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

("Old Mutual")

41/25

19 November 2025

CREDIT RATING ANNOUNCEMENT

Investors are advised that on 19 November 2025, S&P Global Ratings ("S&P") announced the following rating actions following the upgrade of South Africa's sovereign credit ratings:

·      Old Mutual's national scale credit rating was raised to 'zaAA+/zaA-1' from 'zaA+/zaA-1'.

·      Old Mutual Life Assurance Company (South Africa) Limited's ("OMLACSA") global scale rating was upgraded to 'BB+' from 'BB', with a positive outlook assigned.

·      The national scale rating on OMLACSA and its debt was affirmed.

These rating actions have also positively impacted Old Mutual, as guarantor of OMLACSA.

S&P's credit rating announcement is available on its website at www.spglobal.com/ratings.

Sandton

Sponsors
Johannesburg Stock Exchange	Equity Sponsor: Tamela Holdings Proprietary Limited
	Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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
Langa Manqele Head of Investor Relations	M: +27 82 295 9840 E: [email protected]
Communications
Wendy Tlou Chief Communications & Reputation Officer	M: +27 82 906 5008 E: [email protected]

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 179 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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