Old Mutual Holdings shareholders have overwhelmingly approved a KES 4.67 billion balance sheet restructuring, a move designed to eliminate accumulated retained losses and re-establish the company's ability to pay dividends.

• The restructuring involves transferring KES 4.67 billion from the share premium account to offset accumulated retained losses of KES 7.064 billion as of 31 December 2025.
• Old Mutual Group CEO Arthur Oginga stated the approval demonstrates shareholder confidence in strengthening the Group's financial position.
• This non-cash transaction, approved at the 18th Annual General Meeting on Tuesday, 30 June 2026, has no impact on shareholdings or company operations and requires High Court confirmation to become effective.