Director/PDMR Shareholding

Old Mutual PLC
16 May 2007

                                 Old Mutual plc

Ref 29/07


16 May 2007


   Share interests of a person discharging managerial responsibilities (PDMR)



Old Mutual plc (the Company) announces the following changes in listed
subsidiary share interests of a PDMR


Exercise of an option by a PDMR


Following the release of Nedbank Group Limited's results for the first quarter
on 9 May 2007, Mr T A Boardman, Chief Executive of Nedbank Group Limited,
exercised the following option under the Nedcor Group (1994) Employee Incentive
Scheme on 14 May 2007:

PDMR            Date of exercise        Shares acquired          Exercise
                                                                 price
T A Boardman    14 May 2007             75,000                   R60.01


Mr Boardman sold 50,000 of the above shares at a price of R150.00 each resulting
in a pre-tax gain from the shares sold of R4,499,500.


The total number of Nedbank Group Limited shares held by Mr Boardman under
option under the Nedcor Group (1994) Employee Incentive Scheme and the Nedbank
Group (2005) Share Option, Matched Share and Restricted Share Scheme is 593,965,
of which 176,200 have vested. Mr Boardman now holds 50,098 Nedbank Group Limited
Ordinary shares and 85,000 Nedbank Limited preference shares.


For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com


Enquiries

Investor Relations
Malcolm Bell                 UK        [phone]
Deward Serfontein            SA        +27 (0)21   509 8709

Media
James Crampton               UK        [phone]
Nad Pillay                   SA        + 27 (0)21 504 8026







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