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REG - Old Mutual Ltd - CREDIT RATING ANNOUNCEMENT

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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 (http://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                                   M: +27 82 295 9840

 Head of Investor Relations                      E: investorrelations@oldmutual.com

 Communications
 Wendy Tlou                                      M: +27 82 906 5008

 Chief Communications & 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 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 (http://www.oldmutual.com) .

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