Directors' Dealings

OLD MUTUAL PLC
13 September 1999


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

The Company has been informed, by a letter received on 10 September 1999, that
Mr E E Anstee, a director of the Company, purchased 25,000 ordinary shares of
10 pence each in the Company on the London Stock Exchange at a price of
£1.3075 each on 9 September 1999.  The total number of shares in the Company
in which he is now directly beneficially interested is 47,208 shares.

In addition, Mr Anstee received on 12 July 1999 a conditional award of 300
free shares in the Company under the terms of one of the UK profit sharing
schemes established for the benefit of UK employees of the Group in connection
with the demutualisation and listing of the Company. The right to receive
these shares vests after three years, subject to the terms of the profit
sharing scheme.  Mr Anstee's contingent entitlement to receive this award was
overlooked in preparing the Company's Prospectus dated 19 May 1999, as it was
erroneously assumed at that time that he was not a qualifying employee for the
purposes of receiving free shares under the profit sharing scheme.