Shareholders are advised that the Board has had various engagements with Mr Peter Moyo, the OML and Old Mutual Life Assurance Company Limited (OMLACSA) Chief Executive Officer. These engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between him and the Board.

As a result, the Board has suspended the Chief Executive Officer with immediate effect.

Iain Williamson, Chief Operating Officer will assume the role of acting Chief Executive Officer

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Old Mutual Ltd. published this content on 24 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2019 06:37:06 UTC