REG - Old Mutual Ltd - Appointment of Chairman designate

Old MutualAnnouncement

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RNS Number : 9370W  Old Mutual Limited  17 March 2026

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Share Code: OMLI
MSE Share Code: OMU
NSX Share Code: OMM
ZSE Share Code: OMU

("Old Mutual" or "the Company")

Ref: 02/26
17 March 2026

Notification of Appointment of Roger Jardine as Chairman Designate and Pending
Retirement of Trevor Manuel as Chairman

In compliance with paragraph 6.71 of the JSE Listings Requirements, the Board
is pleased to announce the appointment of Mr Roger Jardine as Chairman
Designate of Old Mutual. Mr Jardine will assume the chairmanship, subject to
his confirmation as director at the Company's Annual General Meeting ("AGM")
to be held on 5 June 2026, at the conclusion of the AGM.

Mr Trevor Manuel, Chairman of Old Mutual, who turned 70 in January 2026, the
retirement age for directors as set out in the Board Charter, will retire as
Chairman and as a director of the Company upon the close of the AGM.

Mr Jardine will work alongside Mr Manuel during a three‑month handover
period from March to June 2026 to ensure continuity of strategic leadership,
structured stakeholder engagement, and an orderly transition.

Mr Jardine, who joined the Old Mutual Board as an independent non‑executive
director in September 2025, is a highly respected South African business
leader with extensive board‐level and executive experience across South and
southern Africa.

He most recently served as chairman of FirstRand Limited for nearly six years
and has previously held chief executive positions at Kagiso Media, the Aveng
Group, and Primedia. Over the course of his career, he has also served as a
non‑executive director across a broad range of sectors, including steel,
retail, manufacturing, IT services, mining services, and infrastructure
development.

He brings deep expertise in financial services, governance, commercial
operations, stakeholder engagement, public policy, and the regulatory
environment. Mr Jardine holds a Master of Science (MSc) in Radiological
Physics from Wayne State University and a Bachelor of Science (BSc) in Physics
from Haverford College, both in the United States.

Congratulating Mr Jardine on his appointment, Mr Manuel said: "On behalf of
the Board, I want to congratulate Roger on his appointment as Chairman
Designate. Roger has outstanding leadership experience in financial services
and the broader business environment. The Board is confident that his proven
strategic, governance, and operational leadership will be invaluable to Old
Mutual as it continues on its ambitious path of strategic and operational
renewal and enhanced value creation. I look forward to working closely with
Roger over the next few months to ensure a smooth and effective transition."

 

Sandton

Johannesburg Stock Exchange
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: investorrelations@oldmutual.com

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

 

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