Director's Interests

Old Mutual PLC
13 April 2004

                                 OLD MUTUAL PLC

                            ISIN CODE: GB0007389926

                                SHARE CODE: OML

                               ISSUER CODE: OLOML





                       Directors' interests in securities



Old Mutual plc (the 'Company') has been informed by notifications received today
of the following changes (with effect from today's date) in interests of
directors of the Company in shares in its 52%-owned South African banking
subsidiary, Nedcor Limited. In each case these have resulted from an election by
the director concerned to receive Nedcor's final dividend for the year ended 31
December 2003 in the form of scrip, rather than cash:



• M J Levett, Chairman of the Company, has received an additional 96
shares in Nedcor Limited (to a total attributed value of R4,320) under the scrip
issue, resulting in his total shareholding in Nedcor Limited increasing to
12,429 shares;

• Mr C F Liebenberg, a non-executive Director of the Company and
Chairman of Nedcor Limited, has received an additional 245 shares in Nedcor
Limited (to a total attributed value of R11,025) under the scrip issue,
resulting in his total shareholding in Nedcor Limited increasing to 31,707
shares; and

• Mr W A M Clewlow, a non-executive Director of the Company and Deputy
Chairman of Nedcor Limited, has received an additional 16 shares in Nedcor
Limited (to a total attributed value of R720) under the scrip issue, resulting
in his total shareholding in Nedcor Limited increasing to 2,016 shares.





13 April 2004



Enquiries

James Poole ([phone])
Director, Corporate Affairs
Old Mutual plc








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