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OLD MUTUAL LIMITED - Finalisation Announcement and Dividend Currency Equivalents

Release Date: 23/03/2020 11:00
Code(s): OMU     PDF:  
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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 08/20
23 March 2020


FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders   are  referred   to   Old  Mutual’s   Preliminary   Results
announcement dated 16 March 2020, wherein the company declared a final
dividend of 75 cents per share, which will be paid on Monday, 4 May 2020.
The dividend of 75 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 60
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 now been
established as follows:
Malawi                            32.34   Malawian kwacha per share
Namibia                           75.00   Namibian cents per share
United Kingdom                     3.71   GBP pence per share
Zimbabwe                          91.37   RTGS cents per share

These local currency equivalents have been calculated using the following
exchange rates:
Malawi                          43.1139   Malawian   kwacha per Rand
Namibia                          1.0000   Namibian   cents per Rand
United Kingdom                  20.2070   Rand per   Pound sterling
Zimbabwe                         0.8208   Rand per   RTGS dollar
The timetable released on the Stock Exchange News Service on 16 March
2020 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


Tokelo Mulaudzi               T: +27 (0)11 217 1042
Investor Relations            E: tmulaudzi3@oldmutual.com
Manager


Communications
Tabby Tsengiwe                T: +27 (11) 217 1953
Head of Communications        M: +27 (0)60 547 4947
                              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   markets   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 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: 23-03-2020 11:00:00
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