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Finalisation Announcement and Dividend Currency Equivalents

Published: 2022-09-06 11:30:41 ET
<<<  go to JSE:OMU company page
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 43/22


06 September 2022


FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual’s Results announcement dated 30 August 2022,
wherein the company declared an interim dividend of 25 cents per share. The interim dividend
payment date is Monday, 17 October 2022 but shareholders on the Malawi Stock Exchange will
be paid on Tuesday, 18 October 2022 due to a public holiday on Monday, 17 October 2022. The
dividend of 25 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 20 cents per ordinary share. 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, Malawian, Namibian and Zimbabwean registers will be paid in the
local currency equivalents of the interim 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 interim dividend have been established as follows:

 Malawi                                         14.81551   Malawian kwacha per share
 Namibia                                     25.00000      Namibian cents per share
 United Kingdom                                  1.25125   GBP pence per share
 Zimbabwe                                   773.03649      RTGS cents per share


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

 Malawi                                        59.26202    Malawian kwacha per Rand
 Namibia                                       1.00000     Namibian cents per Rand
 United Kingdom                                19.98000    Rand per Pound sterling
 Zimbabwe                                      0.03234     Rand per RTGS dollar


The timetable released on the Stock Exchange News Service on 30 August 2022 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: Investor Relations        E: tndlovu6@oldmutual.com


 Communications:
 Vuyo Mtawa                      M: +27 (0)68 422 8125
 Head of Communications          E: VMtawa@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 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 177 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.