Director's Interests

Old Mutual PLC
23 August 2004

                                 Old Mutual plc



                           Directors' share interests



Mr J V F Roberts, Group Finance Director of Old Mutual plc ('the Company'), has
today had released to him under the terms of the Company's Restricted Share Plan
50,200 shares in the Company.   An award of 150,600 restricted shares was made
to Mr Roberts on 8 September 2000 on terms that one-third of them would be
released to him on each of the third, fourth and fifth anniversaries of his
appointment to the Board of the Company.  The fourth anniversary of that
appointment fell on 21 August 2004.



Mr Roberts has agreed to discharge the tax and employee's national insurance
arising on the release of these shares to him out of his own resources.



Following the above release of restricted shares, Mr Roberts (together with his
connected persons, for the purposes of section 346 of the UK Companies Act 1985)
now owns a total of 250,103 shares in the Company.  He also has a contingent
interest in a further 233,403 shares in the Company under the terms of the
Company's Restricted Share Plan: these are, firstly, the balance of 50,200
shares under the Restricted Share Plan award made on 8 September 2000 mentioned
above, and, secondly a total of 183,203 shares awarded under bonus matching
arrangements applicable to the performance years ended 31 December 2001, 2002
and 2003, release of which is subject to the fulfilment of performance
conditions.



23 August 2004



Enquiries:



Old Mutual plc UK

Corporate Affairs [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange