TIDMOMU

RNS Number : 7834T

Old Mutual Limited

29 March 2021

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE, MSE, ZSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual" or "the Company")

Ref 04/21

29 March 2021

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 23 March 2021, wherein the company declared a final dividend of 35 cents per share, which will be paid on Monday, 24 May 2021. The dividend of 35 cents per ordinary share will be subject to a local dividend tax rate of 20% which will result in a net final dividend, to those shareholders who are not exempt from paying dividend tax, of 28 cents per ordinary share. International shareholders who are not exempt or are not subject to a reduced rate in terms of a double taxation agreement, will be subject to a dividend withholding tax at a rate of 20%.

Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the final dividend. Distributions made through the dividend access trust or similar arrangements established in a country will not be subject to South African withholding tax but may be subject to withholding tax in the relevant country. We recommend that you consult with your tax advisor regarding the in-country withholding tax consequences.

The local currency equivalents of the final dividend have been established as follows:

 
 Malawi            18.25   Malawian kwacha per 
                            share 
 Namibia           35.00   Namibian cents per 
                            share 
 United Kingdom    1.707   GBP pence per share 
 Zimbabwe         194.99   RTGS cents per share 
 

The local currency equivalents have been calculated using the following exchange rates:

 
 Malawi           52.1431   Malawian kwacha per 
                             Rand 
 Namibia            1.000   Namibian cents per 
                             Rand 
 United Kingdom   20.5016   Rand per Pound sterling 
 Zimbabwe          0.1795   Rand per RTGS dollar 
 

The timetable released on the Stock Exchange News Service on 23 March 2021 remains unchanged.

Sponsors

 
 JSE        Merrill Lynch South Africa (Pty) Limited 
 Malawi     Stockbrokers Malawi Limited 
  Namibia    PSG Wealth Management (Namibia) (Proprietary) 
             Limited 
 Zimbabwe   Imara Capital Zimbabwe plc 
 
 

Enquiries

 
 Investor Relations 
  Sizwe Ndlovu                   T: +27 (0)11 217 1163 
  Head of Investor Relations     E: tndlovu6@oldmutual.com 
 
  Tokelo Mulaudzi                T: +27 (0)11 217 1042 
  Investor Relations Manager     E: tmulaudzi3@oldmutual.com 
 Communications: 
  Tabby Tsengiwe                 T: +27 (11) 217 1953 
  General Manager of Public      M: +27 (0)60 547 4947 
  Affairs and Communications     E: ttsengiwe@oldmutual.com 
 

Notes to Editors

About Old Mutual Limited

Old Mutual is a premium African financial services Group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and we have a niche business in China. With over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com .

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END

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March 29, 2021 04:30 ET (08:30 GMT)

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