REG - Old Mutual Ltd - Appointment of Independent Non-Executive Directors

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RNS Number : 7556Y  Old Mutual Limited  10 September 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

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

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10 September 2025

 

Appointment of Independent Non-Executive Directors

In compliance with paragraph 3.59 of the JSE Listings Requirements and
paragraph 6.42 of the Debt & Specialist Securities Listings Requirements,
shareholders are advised of the following changes to the board of Old Mutual
Limited ("Old Mutual Board").

The Old Mutual Board is pleased to announce the appointment of Mr Roger
Jardine and Mr Jan-Hendrik Erasmus as independent non-executive directors of
the Company and of Old Mutual Life Assurance Company (South Africa) Limited
("OMLACSA"), with effect from the date of receipt of regulatory approval.

Old Mutual Board Chairman Trevor Manuel said: "We are delighted to welcome Mr
Jardine and Mr Erasmus to the Board. Both bring exceptional leadership and
governance experience that will further strengthen and support the Company's
strategic ambitions. Together, they offer deep insight into the financial
services, information technology and investment sectors, and provide us with
further significant audit, actuarial, risk and operational expertise. Their
appointments reflect our commitment to a planned and orderly process of board
renewal, ensuring Old Mutual remains well positioned to deliver sustainable
value to all stakeholders."

Roger Jardine is a highly respected South African business leader with
extensive board and executive experience across South Africa and the broader
Southern African region. Roger most recently served as Chairman of FirstRand
Limited for close to six years and was past Chief Executive Officer of three
South African companies being Kagiso Media, the Aveng Group, and Primedia. He
also served as non-executive director of several companies in diverse
industries including steel, retail, manufacturing, IT services, mining
services, and infrastructure development. He brings deep expertise in
financial services, leadership and governance, commercial operations,
stakeholder engagement, policy and regulatory environments.

Roger holds an MSc in Radiological Physics from Wayne State University and
a BSc in Physics from Haverford College, both in the United States.

Jan-Hendrik Erasmus has over 20 years' experience in the financial services
and insurance industry in South Africa, the United Kingdom ("UK"), and Europe
and has deep and extensive expertise in risk, capital and investment
management, actuarial science and international financial regulation. He is
currently the Chief Financial Officer and an Executive Board Member of Athora
Netherlands, the largest operating entity of Athora, which is one of Europe's
fastest-growing savings and retirement services companies. His previous roles
include: Group Chief Risk Officer ("CRO") at Aviva plc, CRO and Management
Board Member at NN Group, and Partner at Oliver Wyman, where he led the UK
Insurance Practice and was part of the firm's European Leadership Team. He is
a former Chair of the European (Insurance) CRO Forum and also served as a
Senior Advisor to Mundi Ventures' Insurtech Funds.

 

Jan Hendrik holds an Executive MBA (with distinction) from London Business
School and a degree in Actuarial Science from the University of Pretoria. He
is a Fellow of the Institute of Actuaries in the UK and a Chartered Enterprise
Risk Actuary ("CERA").

 

In line with its medium-term succession plan and provisions in its Board
Charter, Old Mutual is undertaking a staggered rotation of directors that
balances the need to refresh the Old Mutual Board while ensuring continuity.

 

Sandton

Sponsors

 JSE                                           Equity Sponsor: Tamela Holdings (Proprietary) Limited
                                               Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank
                                               Limited
 Namibia                                       PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe                                      Imara Capital Zimbabwe plc
 Malawi                                        Stockbrokers Malawi Limited

 Enquiries
 Investor Relations
 Langa Manqele                                 M: +27 82 295 9840

 Head of Investor Relations                     E: investorrelations@oldmutual.com

 Communications
 Wendy Tlou                                    M: +27 83 301 9663

 Chief Communications and Reputation Officer   E: oldmutualnews@oldmutual.com

 

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 180 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 (http://www.oldmutual.com)
 

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