Old Mutual Limited Finalisation & Dividend Currency Equivalents (5762F)

TIDMOMU

RNS Number : 5762F

Old Mutual Limited

22 March 2022

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

MSE Share Code: OMU

ZSE Share Code: OMU

NSX Share Code: OMM

("Old Mutual" or "the Company")

Ref 03/22

22 March 2022

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 15 March 2022, wherein the company declared a final dividend of 51 cents per share, which will be paid on Monday, 23 May 2022. This dividend 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 40.80 cents per ordinary share. Shareholders that are tax resident in jurisdictions other than South Africa and 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            27.10297   Malawian kwacha per 
                               share 
 Namibia           51.00000   Namibian cents per 
                               share 
 United Kingdom     2.58261   GBP pence per share 
 Zimbabwe         439.42788   RTGS cents per share 
 

The local currency equivalents have been calculated using the following exchange rates:

 
 Malawi           53.14308   Malawian kwacha per 
                              Rand 
 Namibia           1.00000   Namibian cents per 
                              Rand 
 United Kingdom   19.74750   Rand per Pound sterling 
 Zimbabwe          0.11606   Rand per RTGS dollar 
 

The timetable released on the Stock Exchange News Service on 15 March 2022 remains unchanged.

Sponsors

 
 JSE        Merrill Lynch South Africa (Pty) Limited 
             t/a BofA Securities 
 Malawi     Stockbrokers Malawi Limited 
  Namibia    PSG Wealth Management (Namibia) (Proprietary) 
             Limited 
 Zimbabwe   Imara Capital Zimbabwe plc 
 
 

Enquiries

 
 Investor Relations 
  Sizwe Ndlovu                   T: [phone] 
  Head of Investor Relations     E: [e-mail] 
 Communications: 
  Vuyo Mtawa                     M: [phone] 
  Head of Communications         E: [e-mail] 
 

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 it has a niche business in Asia. With over 176 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities they serve and the broader society on the continent.

For further information on Old Mutual and its underlying businesses, please visit the corporate website at www.oldmutual.com .

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March 22, 2022 04:30 ET (08:30 GMT)