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OML - Old Mutual Plc - Final Dividend for the year ended 31 December 2010

Release Date: 01/04/2011 11:55
Code(s): OML
Wrap Text

OML - Old Mutual Plc - Final Dividend for the year ended 31 December 2010 (No. 21) OLD MUTUAL PLC ISIN CODE: GB0007389926 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML OLD MUTUAL PLC 1 April 2011 Final Dividend for the year ended 31 December 2010 (No. 21) Currency Conversions and Scrip Calculation Prices In its preliminary results announcement for the year ended 31 December 2010 published on 8 March 2011, Old Mutual plc (the "Company") announced a recommended final dividend of 2.9p per share or its equivalent in other currencies of payment using exchange rates prevailing on 31 March 2011. The Company also announced that, subject to approval of the dividend at the Company`s Annual General Meeting on 12 May 2011, shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register would be paid the local currency cash equivalents of the dividend under dividend access trust arrangements established in each country and those shareholders who held their shares through Euroclear Sweden AB, the Swedish nominee, would be paid the equivalent of the dividend in Swedish Kronor. In the case of Zimbabwe, the local currency equivalent would be denominated in US dollars. The currency equivalents of the recommended final dividend have now been established and are as follows: South Africa 31.51 South African cents per share Malawi 7.02 Malawi kwachas per share Namibia 31.51 Namibian cents per share Zimbabwe 4.65 US cents per share Sweden 0.294 Swedish Kronor per share The record date for this dividend payment is the close of business on 15 April 2011 for all the Exchanges where the Company`s shares are listed. The last day to trade cum-dividend will be 8 April 2011 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and 12 April 2011 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business on 11 April 2011 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and from the opening of business on 13 April 2011 on the London Stock Exchange. The Scrip Calculation Prices under the scrip dividend alternative for the recommended final dividend have also now been calculated for shares on each of the Company`s respective share registers and are as follows: UK (principal register) 132.34 pence (Sterling) South Africa 14.557 South African Rand Malawi 320.16 Malawi kwachas Namibia 14.557 Namibian dollars Zimbabwe 2.124 US dollars By way of illustration of the above, someone who holds 500 shares on the South African branch register and who elects to receive the scrip dividend alternative would be entitled to 500 x R0.3151 / 14.557= 10.82297 new Old Mutual plc shares (which would be rounded up to 11 shares after taking into account the applicable rounding conventions). The scrip ratio on the South African register is therefore 2.16459 (to 5 decimal places) new Old Mutual plc ordinary shares for every 100 Old Mutual plc shares held as at the record date. Further details of the scrip dividend alternative are contained in the scrip scheme booklet, together with the scrip dividend election forms, which are available on the Company`s website at www.oldmutual.com and from the Company`s share registrars. Share certificates may not be dematerialised or rematerialised on the South African branch register between 11 and 15 April 2011, both dates inclusive, and transfers between the registers may not take place during that period. Enquiries External Communications Patrick Bowes +44 (0)20 7002 7440
Investor Relations Deward Serfontein SA +27 (0)82 810 5672 Aleida White UK +44 (0)20 7002 7287
Media William Baldwin- +44 (0)20 7002 Charles 7133 Notes to Editors Old Mutual Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds under management, from core operations, at the year end. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com Sponsor: Merrill Lynch SA (Pty) Limited Date: 01/04/2011 11:55:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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