Directors' Share Interests

Old Mutual PLC
9 March 2001


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

The following options over shares in the Company were granted on 8 March 2001
under the Company's executive share option scheme (the 'Scheme') to the
following directors of the Company:

    Director                 Number of shares          Exercise price
    E E Anstee                    739,600              162.25 pence
    R C M Laubscher                92,500              162.25 pence
    M J Levett                  1,017,000              162.25 pence
    J V F Roberts                 582,500              162.25 pence
    J H Sutcliffe                 739,600              162.25 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 fulfilment of performance targets set by
the Remuneration Committee of the Company.  No consideration was payable for
these grants.

The total number of shares now held under option by the directors under the
Scheme (including the above grants) are as follows:

    Director                      Total shares under option under the Scheme

    E E Anstee                     1,626,400
    R C M Laubscher                   92,500
    M J Levett                     2,024,700
    J V F Roberts                    871,300
    J H Sutcliffe                  1,256,900

M. C. Murray
Secretary
Old Mutual plc
9 March 2001