Directors' Dealings

Old Mutual PLC
15 March 2000


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

The following options over shares in the Company were granted on 14 March 2000
under the Company's executive share option scheme to the following directors
of the Company:

   Director             Number of shares        Exercise price
   M J Levett               1,007,700             130.25 pence
   E E Anstee                 886,800             130.25 pence
   J H Sutcliffe              517,300             130.25 pence

All of the above options are for a period of six years, but may not generally,
under the rules of the scheme, be exercised until the third anniversary of
grant and then only subject to the fulfillment of performance targets set by
the Remuneration Committee of the Company.

In addition, an award of 460,700 restricted shares has been made to Mr J H
Sutcliffe in accordance with his terms of engagement.  These will be released
to Mr Sutcliffe for no consideration, provided he remains with the Group until
24 January 2003.

M.C. Murray
Secretary