OLD MUTUAL SUPERFUND

1. OLD MUTUALSUPERFUND

2. Investment Managers Old Mutual SuperFund Pension and Provident Funds Risk Underwriters (Old Mutual) Administrator (Old Mutual) Board of Trustees Participating Employer Special Rules Participating Employer Special Rules Participating Employer Special Rules Participating Employer Special Rules Participating Employer Special Rules Master Rules

3. WHY AN OLD MUTUAL UMBRELLA FUND? Solid track record that’s been proven in the market Old Mutual smoothed bonus investments Backed by the strength of Old Mutual with its commitment to service excellence Ability to use experience to create simple, but excellent solutions National footprint The bottom line? Old Mutual has been doing this for a long time. We’ve learned the lessons and we know what we’re doing which means you reap the benefits.

4. Advanced Governance • Funds are audited annually • Valuations as required by regulators • Each sub-fund (participating employer) is separately accounted for • More than half of the board members are independent from Old Mutual • Old Mutual’s role is clearly defined in the Rules of the Fund • Service providers may be replaced by the board members if so desired • In addition to the management board, good member representation can be facilitated through member committees The Old Mutual SuperFund Retirement Funds surpass the current FSB guidelines for umbrella funds

5. A SOLUTION FOR EVERYONEComprehensive Product Range UNCLAIMED BENEFITS FUND PROTEKTOR PRESERVATION FUNDS Minimum Requirement Benefits EVERGREEN INVESTMENT ADVICE Maximum Employer Flexibility Minimum 100 members OR minimum API R100k pm AND minimum R10m assets Flexible Benefits Employer Specific Investment Strategy EVERGREEN Flexible Benefits Member Investment Choice Minimum 50 members OR minimum API R50k pm Member Choice ORION Employer Defined Package Tailor-made Benefits Minimum 10 members EASY BENEFIT PLAN Comprehensive Core Benefits Limited Choices Simple Package Minimum 5 members

6. OLD MUTUALSUPERFUNDEASY BENEFIT PLAN

7. What is the Old Mutual Easy Benefit Plan? • Standard benefits • Generic quotation (no need for member data because all contribution rates, benefits and costs pre-determined) • No upfront underwriting • One smoothed bonus investment portfolio • Defined Contribution Umbrella Provident Fund • Defined employer contribution, employee make voluntary contribution • Umbrella Risk Arrangement • Insured benefits are pre-determined and pre-priced • Family Funeral Benefit

8. Contributions and Premiums • Employer (% of salary) • Retirement Savings: 5.2% • Insurance: 2.5% • Scheme expenses: 0.8% • Total: 8.5% • May make additional voluntary contributions (any amounts) • Fee of R21 per member per month (deducted from savings account) Employee 0% of salary May make additional voluntary contributions (any amounts)

9. Insured Benefits - Death

10. Insured Benefits – Injury and Incapacity

11. Pre-requisites for participation • Internet & email • Negotiation with staff and change to employment contracts • 80% of permanent staff participate upfront (minimum of 5 at commencement) • 100% of all new eligible employees must participate

12. OLD MUTUALSUPERFUNDORION

13. Orion A suite of building blocks to create an employee benefits solution for small and medium enterprises. No member choice. Limited selection of investment options: Absolute Stable Growth Portfolio (80% guarantee) (DEFAULT) SYmmETRY Aggressive, Balanced, Conservative and Islamic Funds Selected by employer per member category Can combine Absolute Stable Growth Portfolio and a Symmetry Fund Comprehensive, competitively priced group risk benefit options All costs charged as % of salary All combinations of inclusive and exclusive contribution structures available Housing sureties allowed

14. Orion Group Life Assurance Benefit Group Life Assurance Benefits (Defined Benefit) • Lump sum on death of member • Multiple of salary (max 10 x annual salary or R35 mil) OR • Fixed rand amount (flat cover) Accident Death Benefits: • Maximum 100% of Group Life Assurance OR • Lump sum in addition to Group Life Assurance benefit provided on accidental death • Not offered withoutGroupLife Assurance • 5 x annual salary • Cover to continue (Compulsory with GLA & Disability Income in within one member group) • Conversion option

15. Family Funeral Benefit

16. Disability Benefits Lump Sum Disability Benefits Lump sum provided on total and permanent disablement of member. • Group Life benefits required • Annuity in respect of Pension Fund • Maximum = lesser of GLA benefit, 5 x Annual Salary or R5 million • Options: - Own and Similar Occupation - Any Occupation Disability Income Benefits Provide an income upon disability, paid until normal retirement date, recovery or death – whichever occurs first. Additional benefits offered: • Employer waiver • Conversion option • Escalation

17. Expenses and Fees

18. Summary of participation requirements • Minimum of 10 members • If insured disability benefits selected, all members must be covered. • If Family benefits selected, all members must be covered. • If GLA benefits selected: • All members must be covered and • Minimum of 10 members per defined benefit level (multiple or fixed amount)* • * For a scheme with at least 50 members or R50 000 total monthly contributions, this requirement will be waived only for an executive/senior management group with less than 10 members

19. OLD MUTUALSUPERFUNDEVERGREEN

20. Evergreen • A solution geared for larger employers or employers with more diverse workforce requirements • Member level investment choice • Servicing geared to larger employers with no intermediary payroll admin involvement • Defined Contribution only • Pension or Provident Fund • Inclusive (total contribution rates decided – retirement contribution rates are balance after costs/premiums) or exclusive (retirement contribution rates decided – total contribution rates are sum of retirement contribution rates and costs/premiums) employer contribution basis • Open architecture risk benefits • Education seminars delivered to members • Housing sureties allowed

21. Risk Benefits • Offering more options • Any Licensed Life Insurer • Enable different benefit levels/different underwriting conditions • Defined Benefit or Defined Contribution risk benefits • Negotiated underwriting conditions acceptable to participating employers, members and trustees • Advantages of Old Mutual insurance • Managed disability product • Funeral support service (transport of mortal remains, etc.)

22. Structured Member Choice 3 Package Options – Pay for what you use MANAGED CHOICE FLEXIBLE CHOICE LOW CHOICE (DEFAULT) Contribution choiceStructured investment choiceAnnual statements Quarterly investment statements Smoothed BonusLifestage Islamic Fund Contribution choiceFlexible investment choiceAnnual Statements Quarterly investment statements Smoothed BonusLifestageFlexible investment choice Contribution choiceNo investment choiceAnnual statements Smoothed Bonus

23. Investment Portfolios LOW CHOICE MANAGED CHOICE FLEXIBLE CHOICE DEFAULT Coregrowth Absolute Stable Growth Coregrowth Absolute Stable Growth Absolute Stable Growth SYmmETRY ForLife - Aggressive ForLife - Stable ForLife - Defensive SYmmETRY ForLife - Aggressive ForLife - Stable ForLife - Defensive Life stage SYmmETRY Aggressive Balanced CPIX + 5 Islamic Fund Inv Solns Conserver Performer 62.5% Equity SYmmETRY Islamic Fund Multi-managers OMIGSA Money Market Community Growth Gilt Gilt Absolute Return Profile Pinnacle Profile Balanced Profile Stable Growth Allan Gray Domestic Balanced Domestic Stable Global Balanced Global Stable Fraters Real Income Coronation Global Absolute Houseview Managed Portfolio II Investec Managed Opportunity Income Prudential Inflation Plus Allan Gray closed for new selections Single Asset Managers

24. Expenses and Fees * Member Administration Fee includes the Fund Expense Fee of R4.50 per member per month

25. OLD MUTUALSUPERFUNDEVERGREENINVESTMENTADVICE

26. Evergreen Investment Advice • Investment Advice at participating employer level • The employer, with assistance from investment consultant, tailors the investment options to the needs of its employees • A solution geared for larger employers • Accredited investment consultants include OMAC , Symmetry and acsis

27. Conditions for participation • If a participating employer selects the Evergreen Investment Advice Option, then the Evergreen standard ‘no-advice’ options (Low, Managed and Flexible Choice Options) will not be available to members. • The Evergreen Investment Advice option can only be selected by an employer and not by individual members.  • Ongoing advice: Once the option is selected the employer group will receive initial and ongoing investment advice. • Members cannot opt-out: Members in a category where this option has been selected will not be able to opt out. • Employer and adviser assume liability: The employer and adviser will assume contractual liabilities in respect of the investments selected. • Minimum membership/contributions: A scheme must have a minimum of 50 members or monthly contributions of at least R50 000.

28. Expenses and Fees

29. Evergreen Investments New Evergreen Investment Advice product in SuperFund Existing Evergreen MLIC product option in SuperFund Member Choice Group Choice with member control Low Choice R21pmpm Managed Choice R37pmpm Flexible Choice R63pmpm Group Investment Advice R40 pmpm Advice fee up to 0.5% (excl VAT) of assets p.a. OM Corporate receives 30% of this.

30. OLD MUTUALSUPERFUNDValue Adds

31. SUPERFUND ADDING VALUEA range of extra member benefits • AT NO ADDITIONAL COST IF GLA AND/OR FAMILY BENEFITS INSURED WITH OLD MUTUAL: Funeral Support Service • Transport of mortal remains from anywhere to any destination in South Africa • Family assistance with funeral arrangements • AT NO ADDITIONAL COST IF DISABILITY BENEFITS INSURED WITH OLD MUTUAL: Disability CareLine • AT NO ADDITIONAL COST IF INSURED BENEFITS WITH OLD MUTUAL: Travelling Nurses– a great new initiative designed to take the hassle out of underwriting • AT NO ADDITIONAL COST FOR SELECTED CLIENTS: Financial Wellbeing Program – a solution for employees providing: • Financial Education – for ALL levels of staff • Access to Advice – for ALL levels of staff

32. Communication • Electronic newsletters emailed to intermediaries, employers and members • Trustee newsletters to members • Internet site with information for members, employers and intermediaries (www.oldmutual.co.za/superfund) (www.oldmutual.co.za/evergreen) (www.oldmutual.co.za/orion) (www.oldmutual.co.za/easybenefitplan) • Secure payroll web for submission of payroll data • Secure web access for members to see values and information (Evergreen)

33. THANK YOU “The future depends on what we do with the present.”