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Second Interim Dividend for the Year Ended 31 December 2016 (No. 33)
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL
Old Mutual plc
Ref 40/17
9 March 2017
SECOND INTERIM DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2016 (No. 33)
The Directors of Old Mutual plc (the “Company”) have declared a second interim dividend for the year
ended 31 December 2016 of 3.39p per share (the “Second Interim Dividend”), which will be paid on
28 April 2017. Shareholders on the South African, Zimbabwean and Malawian branch registers and
the Namibian section of the principal register will be paid the local currency cash equivalents of the
Second Interim Dividend under dividend access trust or similar arrangements established in each
country. Shareholders who hold their shares through Euroclear Sweden AB, the Swedish nominee,
will be paid the cash equivalent of the Second Interim Dividend in Swedish kronor.
The Second Interim Dividend, together with the first interim dividend of 2.67p per share paid in
October 2016, equates to approximately 3.2 times the Company’s AOP earnings cover for the full
year. This is slightly above the mid-point of the Company’s target dividend cover range of 2.5 to 3.5
times its AOP earnings for each annual reporting period. As with last year, the Second Interim
Dividend is not subject to a confirmatory vote from shareholders at the Company’s 2017 AGM.
The local currency cash equivalents of the Second Interim Dividend are as follows:
South Africa 53.55251 South African cents per share
Malawi 30.18 Malawian kwacha per share
Namibia 53.55251 Namibian cents per share
Zimbabwe 4.14 US cents per share
Sweden 0.37 Swedish kronor per share
These currency equivalents have been calculated using the following exchange rates:
South Africa 15.7972 Rand/£
Malawi 890.12 Malawian kwacha/£
Namibia 15.7972 Namibian dollars/£
Zimbabwe 1.2207 US dollars/£
Sweden 10.9843 Swedish kronor/£
Dividend Tax will be withheld at the rate of 20% from the amount of the gross dividend of 53.55251
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 42.84201 South African
cents per share. The Company had a total of 4,929,966,574 shares in issue at today’s date. 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.
The record date for this dividend payment is the close of business on 31 March 2017 for all the
exchanges where the Company’s shares are listed. The last day to trade cum-dividend will be 24
March 2017 on the Malawian and Zimbabwean Stock Exchanges, 28 March 2017 on the JSE and on
the Namibian Stock Exchange and 29 March 2017 for the London Stock Exchange. The shares will
trade ex-dividend from the opening of business on 27 March 2017 on the Malawian and Zimbabwean
Stock Exchanges, from the opening of business on 29 March 2017 on the JSE and on the Namibian
Stock Exchange and from the opening of business on 30 March 2017 on the London Stock Exchange.
Share certificates for shareholders on the South African register may not be dematerialised or
rematerialised between 29 March and 31 March 2017, both dates inclusive. Transfers between the
registers may not take place between 28 and 31 March 2017, both dates inclusive. Trading in shares
held on the Namibian section of the principal register through Old Mutual (Namibia) Nominees (Pty)
Limited will not be permitted between 28 and 30 March 2017, 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
Notes to Editors
About Old Mutual plc
Old Mutual provides investment, savings, insurance and banking services to 19.4 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.
Old Mutual has announced a strategy of managed separation, which will entail separating its four businesses into
standalone entities. The four businesses are:
Old Mutual Emerging Markets: An African financial services leader, providing long-term savings, protection,
investment and lending to retail and corporate customers
Nedbank: Old Mutual owns a 54% stake in Nedbank, one of South Africa’s top four banks, providing wholesale
and retail banking, insurance and asset management for individuals and businesses
Old Mutual Wealth: a leading wealth management business in the UK and international markets
OM Asset Management: Old Mutual owns 51% in the New York Stock Exchange listed OM Asset Management
which offers a diverse range of investment strategies and products for institutions, delivered worldwide through
eight US-based boutiques.
For the year ended 31 December 2016, Old Mutual reported an adjusted operating profit before tax of £1.7 billion
and had £395 billion of funds under management. For further information on Old Mutual plc and the underlying
businesses, please visit the corporate website at www.oldmutualplc.com
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Joint Sponsor:
Nedbank Corporate and Investment Banking
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