OLD MUTUAL LIMITED - Finalisation announcement and dividend currency equivalents

Finalisation announcement and dividend currency equivalents

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


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.

Date: 29-03-2021 10:30:00
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