DIVIDEND INFORMATION

DIVIDEND OVERVIEW


DIVIDEND DECLARATIONS

The Board of directors has approved and declared a final dividend of 72 cents per ordinary share.

The final dividend of 72 cents per share, results in a full dividend cover of 2.04 for the 2018 year which is in line with Old Mutual Limited’s dividend cover target of 1.75x to 2.25x. The final dividend will be paid out of distributable reserves and is payable on 29 April 2019 to all ordinary shareholders recorded on the record date. The dividend of 72 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 57.6 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 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 final dividend. In Malawi, Namibia and Zimbabwe these distributions will be made through dividend access trust or similar arrangements established in each country and will not be subject to South African withholding tax.

Old Mutual Limited’s income tax number is 9267358233. The number of ordinary shares in issue in the company’s share register at the date of declaration is 4,942,048,355.

Declaration dateMonday, 11 March 2019
Finalisation announcement and exchange rates announcedMonday, 18 March 2019
Transfers suspended between registers Close of business
Monday, 18 March 2019
Last day to trade cum dividend for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers Tuesday, 26 March 2019
Ex-dividend date for shareholders on the South African Register and Malawi, Namibia and Zimbabwe branch registers Wednesday, 27 March 2019
Last day to trade cum dividend for shareholders on the UK registerWednesday, 27 March 2019
Ex-dividend date for shareholders on the UK registerThursday, 28 March 2019
Record date (all registers)Close of business
Friday, 29 March 2019
Transfers between registers restartOpening of business
Monday, 1 April 2019
Final Dividend payment dateMonday, 29 April 2019

Share certificates for shareholders on the South African register may not be dematerialised or rematerialised between Wednesday, 27 March and Friday, 29 March 2019, both dates inclusive. Transfers between the registers may not take place between Tuesday, 19 March and Friday, 29 March 2019, 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 Tuesday, 19 March and Friday, 29 March 2019, both dates inclusive.

Shareholders that are tax resident in jurisdictions other than South Africa may qualify for a reduced rate under a double taxation agreement with South Africa. To apply for this reduced rate, non-SA taxpayers should complete and submit a declaration form to the respective registrars. The declaration form can be found on our Dividend Tax considerations page.

DIVIDEND

SOUTH AFRICA

R0.72

MALAWI

MK35.91

NAMIBIA

N$0.72

UNITED KINGDOM

3.73p

ZIMBABWE

RTGS$0.1367