Old Mutual employee trusts acquire shares in hedging transactions

Old Mutual Limited's employee share incentive schemes executed multiple on-market purchases of ordinary shares between December 11 and December 15, 2025, as part of hedging transactions for Employee Share Ownership Plan and Long-term Incentive Plan awards. The Old Mutual Limited Broad-Based Black Economic Empowerment Employee Trust and Old Mutual Limited Employee Trust were involved in these dealings, collectively acquiring a substantial number of shares.

On December 11, the Broad-Based Black Economic Empowerment Employee Trust purchased 416,697 ordinary shares at a volume-weighted average price of R14.0760, totaling R5,865,426.97. Simultaneously, the Old Mutual Limited Employee Trust acquired 1,800,133 shares at R14.0760, amounting to R25,338,672.11.

Further transactions on December 12 saw the Broad-Based Black Economic Empowerment Employee Trust purchasing 206,289 shares at R14.3370 for R2,957,565.39, while the Old Mutual Limited Employee Trust bought 891,221 shares at R14.3370, valued at R12,777,435.48. On December 15, additional acquisitions by the Broad-Based Black Economic Empowerment Employee Trust included 509,880 shares at R14.3952 for R7,339,824.58, and the Old Mutual Limited Employee Trust acquired 2,202,860 shares at R14.3952, totaling R31,710,610.27. All transactions represent an indirect beneficial interest for the trusts.