REG - Old Mutual Ltd - OML Changes to Board committees

Old MutualAnnouncement

24/04/2026 15:00

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RNS Number : 8899B  Old Mutual Limited  24 April 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

LSE Share Code: OMU

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

Ref 12_25

24 April 2026

 

CHANGES TO BOARD COMMITTEES

In compliance with paragraph 6.71 of the JSE Listings Requirements,
shareholders are advised of the following changes to the Old Mutual
Limited board of directors ("Board") and its committees.

 

Shareholders are reminded that the Company was incorporated in 2018 with a
newly constituted Board, the majority of whose directors were appointed at
that time. In line with the Board's rotation policy, as set out in the
Memorandum of Incorporation, the Board continues to implement a structured and
phased approach to succession. This includes a staggered rotation of directors
to give effect to tenure limits, support independence and effective
shareholder oversight, and balance Board refreshment with continuity,
institutional knowledge and sound governance.

 

Changes to the Chairmanship of Technology and Platforms Committee

Mr Stewart van Graan (70) will step down as Chairman of the Technology and
Platforms Committee and member of the Corporate Governance and Nomination
Committee and will be succeeded in those positions by Dr Brian Armstrong
(65), with effect from the close of the Annual General Meeting ("AGM") on 5
June 2026. Mr van Graan will retire from the Board during the course of the
year once the new Board appointments, currently underway, assume their
positions.

 

Dr Armstrong, a director since 2020, holds BSc (Eng), MSc (Eng) and PhD
qualifications and is Professor of Practice in Digital Transformation at the
Gordon Institute of Business Science (effective 1 May 2026). He is widely
recognised as a leading expert in ICT and digital transformation, with
extensive experience across information technology, listed
companies, remuneration and performance management, and strategy. He
currently serves on the Responsible Business, Related
Party Transactions and Technology & Platforms Committees.

 

Changes to the Audit and Actuarial Committees

Mr Itumeleng Kgaboesele (54) will step down from the Audit and Actuarial
Committees at the close of the AGM. He will remain on the Board and continue
to serve as Chairman of the Remuneration Committee until he concludes
his Board tenure on 31 December 2026.

 

 

 

Chairman-designate's Board committees

Upon assuming the chairmanship of the Company at the conclusion of the AGM,
Chairman-designate Roger Jardine will chair the Corporate Governance and
Nomination Committee and step down from the Remuneration and Responsible
Business Committees.

Further appointments to the Board will, subject to customary regulatory
approvals, be announced in due course.

 

This announcement is also available on the Old Mutual website
at www.oldmutual.com (http://www.oldmutual.com/) .

 

Sandton

 

Sponsors

JSE equity sponsor: Tamela Holdings (Proprietary) Limited

JSE debt sponsor: Nedbank Corporate and Investment Banking, a division of
Nedbank Limited

NSX: PSG Wealth Management (Namibia) (Proprietary) Limited

ZSE: Imara Capital Zimbabwe plc

MSE: Stockbrokers Malawi Limited

 

Enquiries

Investor Relations

Langa Manqele

M: +27 (0)82 295 9840

E: investorrelations@oldmutual.com (mailto:investorrelations@oldmutual.com)

 

Communications

Wendy Tlou

M: +27 (0)82 906 5008

E: oldmutualnews@oldmutual.com (mailto:oldmutualnews@oldmutual.com)

 

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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