As part of its ongoing investment management strategy, Old Mutual Holdings Plc is rebalancing its real estate portfolio across East Africa, including Uganda. We wish to provide an update on this process and clarify what it means for our customers, partners and other stakeholders.

The portfolio changes are intended to strengthen the Group’s balance sheet, optimise returns and reduce concentration on investment property, while supporting sustainable long-term growth. In Uganda, the Group has transferred Kimathi Plot 1 to a local investor, while Nakawa Business Park and Nakawa House are being evaluated for possible divestment.

These properties are shareholder assets owned by Old Mutual Holdings Plc and are separate from the assets held by Old Mutual’s operating subsidiaries in Uganda. Their transfer or potential divestment therefore does not affect the assets supporting customer and policyholder obligations or the ability of our businesses to meet their obligations as they fall due.

We would like to reassure our customers, partners and the public that the rebalancing of our real estate portfolio does not affect the stability, financial strength or day-to-day operations of Old Mutual Uganda. Our insurance and investment businesses remain well capitalized and continue to meet applicable regulatory requirements. Uganda remains an important market for the Group, and we remain committed to serving our customers, growing our businesses and investing for the long term as we continue enabling

positive futures.

Regards,

Old Mutual Uganda.