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OML
OLOML
NSX - OML - Old Mutual - Final Dividend For The Year Ended 31 December 2006
(No. 15) - Currency Conversions
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Final Dividend for the year ended 31 December 2006 (No. 15) - Currency
Conversions
In the preliminary announcement by Old Mutual plc (the "Company") of its
results for the year ended 31 December 2006 published on 26 February 2007,
the Company announced a recommended final dividend of 4.15p per share or
its equivalent in other currencies of payment using the exchange rates
prevailing on 19 April 2007. The Company also announced that shareholders
on the South African, Zimbabwe and Malawi branch registers and the Namibian
section of the principal register would be paid the local currency
equivalents of the dividend under dividend access trust arrangements
established in each country and those shareholders who held their shares
through VPC AB, the Swedish nominee, would be paid the equivalent of the
dividend in Swedish kronor.
The local currency equivalents of the proposed dividend have now been
established and are as follows:
South Africa 58.26 South African cents per share
Malawi 11.47 Malawi kwachas per share
Namibia 58.26 Namibian cents per share
Zimbabwe 20.77 Zimbabwean dollars per share*
Sweden 0.562 Swedish kronor per share
Subject to being approved by shareholders at the Annual General Meeting on
24 May 2007, the final dividend will be paid on 31 May 2007.
The record date for this dividend payment is the close of business on
Friday, 11 May 2007 for all the Exchanges where the Company`s shares are
listed. The last day to trade cum-dividend on the JSE and on the Namibian,
Zimbabwe and Malawi Stock Exchanges will be Friday, 4 May 2007 and Tuesday,
8 May 2007 for the London and Stockholm Stock Exchanges. The shares will
trade ex-dividend from the opening of business on Monday, 7 May 2007 on the
JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from the
opening of business on Wednesday, 9 May 2007 on the London and Stockholm
Stock Exchanges.
Share certificates may not be dematerialised or rematerialised on the South
African branch register between 7 and 11 May 2007, both dates inclusive,
and transfers between the registers may not take place during that period.
*Note: In accordance with the requirements of applicable Zimbabwe
legislation, the dividend has been converted at the official exchange rate.
In recognition of the inflationary environment currently prevailing in
Zimbabwe, an additional amount will be paid to reflect the anticipated
reduction in value in the dividend between 19 April 2007 and the payment
date, 31 May 2007. This is currently expected to amount to around an
additional 40.64 Zimbabwean dollars per share. The exact amount of that
additional amount will be announced to the Zimbabwe Stock Exchange on 3 May
2007.
Old Mutual
Old Mutual plc is an international savings and wealth management company
based in the UK. Originating in South Africa in 1845, the group has a
balanced portfolio of businesses offering asset management, life assurance,
banking and general insurance services in over 40 countries, primarily
South Africa, Europe and the United States. Old Mutual is listed on the
London, Johannesburg and Stockholm stock exchanges, among others.
By conducting its business worldwide under its core values of integrity,
respect and accountability, Old Mutual aspires to push beyond boundaries to
drive value for all its stakeholders.
In the year ended 31 December 2006, the group reported an increase in
adjusted operating profit of 16% to GBP1.4 billion (IFRS basis). Old Mutual
had GBP239 billion of funds under management at 31 December 2006, and
53,000 employees.
For further information on Old Mutual plc, please visit the corporate
website at www.oldmutual.com
Enquiries
Investor Relations
Malcolm Bell UK +44 (0)20 7002 7166
Deward Serfontein SA +27 (0)21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA + 27 (0)21 504 8026
20 April 2007
Sponsor
Merrill Lynch
Date: 20/04/2007 13:00:01 Produced by the JSE SENS Department.
