Director Shareholding

Old Mutual PLC
16 March 2001

                                Old Mutual plc

                          Directors' share interests



Directors' interests in shares of Old Mutual plc (the 'Company')

The Company has been informed, by letters received on 15 March 2001, that the
following directors of the Company, having each elected to defer the whole of
the cash bonus (net of tax) to which they would otherwise have been entitled
in respect of the year ended 31 December 2000, acquired on the 15 March 2001
the following indirect beneficial interests in shares of the Company by way of
awards and contingent matching awards, respectively, under the terms of the
Company's Annual Incentive Plan:
Name      Shares awarded at        Contingent Matching share award 
           a price of 154p each      (no. of shares in the Company)
E E Anstee        74,625                           124,375

M J Levett       152,642                           169,602

J V F Roberts     31,012                            51,688

J H  Sutcliffe    70,121                           116,829


The shares awarded to the directors on account of their deferred bonuses will
be held by the Company's Employee Share Trust and will only be released to
them upon the vesting, or termination without vesting, of the contingent
matching share awards.

The contingent matching share awards, which have been approved by the
Remuneration Committee of the Company, are also held through the Company's
Employee Share Trust and will be released to the respective directors on the
third anniversary of purchase, subject to their remaining in employment with
the Group until that time and to a performance condition that the increase in
the Group's operating earnings per share on a smoothed basis in its results
for the year ending 31 December 2003, when compared to the year ended 31
December 2000, is at least equal to 9% above the increase in the UK Retail
Price Index over that three year period.



                                                                 16 March 2001
Enquiries:
Old Mutual plc                             Tel: [phone]
Martin Murray, Secretary