OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED (Registration number 1999/004643/06) EXTENSION OF FITCH RATINGS VALIDITY Following the announcement on 4 September 2015 that the Registrar of Credit Ratings Agencies (“Registrar”) had cancelled the registration of Fitch Southern Africa (Proprietary) Limited as a credit rating agency, Old Mutual Life Assurance Company (South Africa) Limited “(OMLAC(SA))” would like to advise note-holders that the validity period of the OMLACSA ratings has been extended by the Registrar to 30 April 2016. An announcement pertaining to the appointment of a new credit rating agency will be made in due course. Johannesburg 20 January 2016 Debt Sponsor Nedbank CIB SENS Announcement_Final