Director/PDMR Shareholding

Old Mutual PLC
14 September 2007

                                 Old Mutual plc

Ref 51/07

14 September 2007

 NOTIFICATION OF A TRANSACTION OF A DIRECTOR IN ACCORDANCE WITH RULE 3.1.4R OF
                     THE DISCLOSURE AND TRANSPARENCY RULES


Old Mutual plc (the Company) announces that on 13 September 2007 Mr J H
Sutcliffe, Chief Executive of the Company, exercised a share option under the
Old Mutual Share Option and Deferred Delivery Plan (SOP) as follows:

Date of  Date of    Options     Exercise   No. of shares  Market price at close
grant    exercise   exercised   price      retained       on date of exercise
4 Mar    13 Sep     128,000     £0.9525    128,000        £1.495
2002     2007


The total number of shares now held under option by Mr Sutcliffe under the SOP
is 4,157,959, of which 2,466,471 have vested and the rest remain subject to
performance conditions.


The total number of shares in the Company in which Mr Sutcliffe (together with
his connected persons) is now beneficially interested (excluding Restricted
Share Awards which have not yet vested and all unexercised share option shares)
is 1,645,819.

Old Mutual

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


Enquiries

Investor Relations
Aleida van Herel               UK        [phone]
Deward Serfontein              SA        [phone]

Media
James Crampton                 UK        [phone]
Nad Pillay                     SA        [phone]







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