3rd May 2007 08:30
Old Mutual PLC03 May 2007 Old Mutual plc Ref 25/07 3 May 2007 Final Dividend for the year ended 31 December 2006 (No. 15) Revised Currency Conversion for Zimbabwe In the announcement by Old Mutual plc (the "Company") of 20 April 2007 relatingto the currency conversion rates to be applied to the recommended final dividendof 4.15p per share, the Company reported that, in accordance with therequirements of applicable Zimbabwe legislation, the dividend would be convertedfor payment to shareholders on the Zimbabwe branch register at the officialexchange rate. This would have led to a local currency equivalent of 20.77Zimbabwean dollars per share. The Company also stated that, in recognition ofthe inflationary environment prevailing in Zimbabwe, an additional amount wouldbe paid to reflect the anticipated reduction in value in the dividend between 19April 2007 and the payment date, 31 May 2007, and that this adjusting amount wasexpected to be approximately an additional 40.64 Zimbabwean dollars per share. On 26 April 2007, the Governor of the Reserve Bank of Zimbabwe announced revisedexchange control regulations. This has enabled the Company to revise theZimbabwean currency equivalent of the final dividend payable to shareholders onthe Zimbabwean branch register to 1,246.49 Zimbabwean dollars per share. Nofurther adjustment will be made to this for the effects of inflation between 19April and 31 May 2007. Subject to being approved by shareholders at the Annual General Meeting on 24May 2007, the final dividend will be paid on 31 May 2007. The record date forthis dividend payment is the close of business on Friday, 11 May 2007 for allthe Exchanges where the Company's shares are listed. The last day to tradecum-dividend on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchangeswill be Friday, 4 May 2007 and Tuesday, 8 May 2007 for the London and StockholmStock Exchanges. The shares will trade ex-dividend from the opening of businesson Monday, 7 May 2007 on the JSE and on the Namibian, Zimbabwe and Malawi StockExchanges and from the opening of business on Wednesday, 9 May 2007 on theLondon and Stockholm Stock Exchanges. Share certificates may not be dematerialised or rematerialised on the SouthAfrican branch register between 7 and 11 May 2007, both dates inclusive, andtransfers between the registers may not take place during that period. Ends Old Mutual Old Mutual plc is an international savings and wealth management company basedin the UK. Originating in South Africa in 1845, the group has a balancedportfolio of businesses offering asset management, life assurance, banking andgeneral insurance services in over 40 countries, primarily South Africa, Europeand the United States. Old Mutual is listed on the London, Johannesburg andStockholm stock exchanges, among others. By conducting its business worldwide under its core values of integrity, respectand accountability, Old Mutual aspires to push beyond boundaries to drive valuefor all its stakeholders. In the year ended 31 December 2006, the group reported an increase in adjustedoperating profit of 16% to £1.4 billion (IFRS basis). Old Mutual had £239billion of funds under management at 31 December 2006, and 53,000 employees. For further information on Old Mutual plc, please visit the corporate website atwww.oldmutual.com Enquiries Investor RelationsMalcolm Bell UK +44 (0)20 7002 7166Deward Serfontein SA +27 (0)21 509 8709 MediaJames Crampton UK +44 (0)20 7002 7133Nad Pillay SA + 27 (0)21 504 8026 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC