Finalisation and dividend currency equivalents

Old Mutual Limited

03 October 2023

 

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

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

Ref 51/23

03 October 2023

FINALISATION ANNOUNCEMENT AND DIVIDEND CURRENCY EQUIVALENTS

Shareholders are referred to Old Mutual's Results announcement dated 27 September 2023, wherein the company declared a final dividend of 32 cents per share. The number of ordinary shares in issue in the Company's share register at the date of declaration was 4,824,151,690. The dividend will be payable to all shareholders (except for Old Mutual Limited shareholders on the London Stock Exchange (LSE)) on 23 October 2023. The dividend payment date for Old Mutual Limited shareholders on the LSE is 17 November 2023.

The dividend of 32 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 25.60000 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 final dividend have been established as follows:

Malawi	18.52615	Malawian kwacha per share
Namibia	32.00000	Namibian cents per share
United Kingdom	1.38141	GBP pence per share
Zimbabwe	9039.54802	RTGS cents per share

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

Malawi	57.89422	Malawian kwacha per Rand
Namibia	1.00000	Namibian cents per Rand
United Kingdom	23.16470	Rand per Pound sterling
Zimbabwe	0.00354	Rand per RTGS dollar

The timetable released on the Stock Exchange News Service on 27 September 2023 remains unchanged.

Sponsors

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

Enquiries

Investor Relations: Langa Manqele	M: [phone] E: [e-mail]
Communications: Tabby Tsengiwe	M: [phone] 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 Africa, and it has a niche business in China. With over 178 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on the continent. For further information on Old Mutual Limited and its underlying businesses, please visit the corporate website at www.oldmutual.com.

 

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