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Mon 12 Nov 2001, 0:00 Mutual & Federal - Special Dividend Announcement
MUTUAL & FEDERAL INSURANCE COMPANY LIMITED
(Reg.No. 1970/006619/06)
ISIN No: ZAE000010823
Share code: MAF
SPECIAL DIVIDEND ANNOUNCEMENT
The Board of Directors has declared a special dividend of 350 cents per
share which will have the effect of returning R847 million to shareholders.
The Board is satisfied that the capital remaining after this dividend will
be sufficient to support the current operations and facilitate future
development of the business.
In accordance with the settling requirements under the STRATE environment,
the last day to trade to participate in the special dividend of 350 cents
per share will be Friday, 30 November 2001.  The shares will commence
trading ex-dividend on Monday, 3 December 2001, and the record date will be
Friday, 7 December 2001.  Payment will be made on Monday, 10 December 2001.
Share certificates may not be dematerialised/re-materialised between Monday
26 November 2001 and Friday 7 December 2001, both days inclusive.
On behalf of the Board
K.T.M. Saggers (Chairman)     B Campbell (Managing Director)
Registered Office: 19th floor, Mutual & Federal Centre, 75 President Street,
Johannesburg, 2001
Transfer Secretaries: Mercantile Registrars Limited, 11 Diagonal Street,
Johannesburg, 2001
12 November 2001
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