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OLD MUTUAL PLC - Final Dividend for the year ended 31 December 2014 (No. 29): Currency Conversions

Release Date: 10/04/2015 11:45
Code(s): OML     PDF:  
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Final Dividend for the year ended 31 December 2014 (No. 29): Currency Conversions

       OLD MUTUAL PLC
       ISIN CODE: GB00B77J0862
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSURE CODE: OLOML
       Old Mutual plc
       Ref 286/15
       10 April 2015


                                               OLD MUTUAL PLC
            Final Dividend for the year ended 31 December 2014 (No. 29): Currency Conversions


       In its preliminary results announcement for the year ended 31 December 2014 published on 27
       February 2015, Old Mutual plc (the “Company”) announced a recommended final dividend of 6.25p
       per share (the “Final Dividend”) or its equivalent in other currencies of payment using exchange rates
       prevailing on 9 April 2015. The Company also announced that, subject to approval of the dividend at
       the Company’s Annual General Meeting on 14 May 2015 (the “AGM”), 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 (or, in
       South Africa, dividend access company) arrangements established in each country and those
       shareholders who hold their shares through Euroclear Sweden AB, the Swedish central securities
       depository, 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 remainder of this
       announcement assumes that the Final Dividend will be duly approved by shareholders at the AGM.

       The currency equivalents of the Final Dividend have now been established and are as follows:


       South Africa      109.75063    South African cents per share
       Malawi              40.42      Malawi kwacha per share
       Namibia           109.75063    Namibian cents per share
       Zimbabwe             9.21      US cents per share
       Sweden               0.81      Swedish kronor per share


       These currency equivalents have been calculated using the following exchange rates:


       South Africa      17.5601     Rand/£
       Malawi            646.7415    Malawi kwacha/£
       Namibia           17.5601     Namibian dollars/£
       Zimbabwe           1.4734     US dollars/£
       Sweden            12.9022     Swedish kronor/£


       Dividend Tax will be withheld at the rate of 15% from the amount of the gross dividend of 109.75063
       South African cents per share paid to South African shareholders unless a shareholder qualifies for
       exemption. After the Dividend Tax has been withheld, the net dividend will be 93.28804 South African
       cents per share. The Company had a total of 4,925,990,663 shares in issue at the date on which the
       dividend was announced, 27 February 2015. In South Africa, the dividend will be distributed by Old
       Mutual Dividend Access Company (Pty) Limited, a South African company with tax registration
       number 9460/144/14/1, in terms of the Company’s dividend access share arrangements. No
       Secondary Tax on Companies (STC) credits will be used for the payment of the dividend.

       The record date for this dividend payment is the close of business on 24 April 2015 for all the
       exchanges where the Company’s shares are listed. The last day to trade cum-dividend will be 17
       April 2015 on the JSE and on the Malawi, Namibian and Zimbabwe Stock Exchanges and 22 April
       2015 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business
       on 20 April 2015 on the JSE and the Malawi, Namibian and Zimbabwe Stock Exchanges and from the
       opening of business on 23 April 2015 on the London Stock Exchange.
 
       No dematerialisation or rematerialisation within Strate and no transfers between the registers may
       take place between 20 April 2015 and 24 April (or 27 April, in the case of South Africa) 2015, both
       dates inclusive.


       Enquiries
       External communications
       Patrick Bowes                          UK    +44 20 7002 7440
       Investor relations
       Dominic Lagan                          UK    +44 20 7002 7190
       Sizwe Ndlovu                           SA    +27 11 217 1163

       Media
       William Baldwin-Charles                      +44 20 7002 7133
                                                    +44 7834 524833

       Lead Sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Capital

       Notes to Editors
       Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in
       Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the
       London and Johannesburg Stock Exchanges, among others, since 1999.
       In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 billion of funds under management from core operations.
       For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

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