Directors' Notification of Dealing in Shares

Old Mutual PLC
12 April 2000


Following the first invitation to eligible UK employees under the Old Mutual
Sharesave Scheme, options over approximately 6.35 million shares in the
company were granted on 11 April 2000 to over 950 employees at an exercise
price of 108.6p per ordinary share.

Details of the directors of the company receiving options are as follows:
           
                   No. of shares                Exercise price per share

E E Anstee           8,920 (3 year options)             108.6p
J H Sutcliffe       15,538 (5 year options)             108.6p