Dividend Currency Conversion

Old Mutual PLC
07 October 2005


                                 Old Mutual plc 

                          Interim Dividend 2005 (No. 12)
                              Currency Conversion


In the interim results announcement by Old Mutual plc for the six months ended
30 June 2005 published on 10 August 2005, the company announced an interim
dividend of 1.85p per share or its equivalent in other currencies of payment
using the exchange rates prevailing on 6 October 2005.

The local currency equivalents of the dividend have now been established and are
as follows:

South Africa      21.43 South African cents per share
Malawi            4.012 Malawi Kwacha per share
Namibia           21.43 Namibian cents per share
Zimbabwe          855.88 Zimbabwean dollars per share

The interim dividend will be paid on 30 November 2005.

The record date for this dividend payment is the close of business on Friday, 21
October 2005 for all the Exchanges where the Company's shares are listed. The
last day to trade cum-dividend on the JSE Limited ('JSE') and other African
Exchanges will be Friday, 14 October 2005, whilst the last trade to trade
cum-dividend on the London Stock Exchange will be Tuesday, 18 October 2005. The
shares will trade ex-dividend from the opening of business on Monday, 17 October
2005 on the JSE and the other African Exchanges and from the opening of business
on Wednesday, 19 October 2005 on the London Stock Exchange.

Share certificates may not be dematerialised or rematerialised on the South
African branch register between Monday, 17 October and Friday, 21 October 2005,
both dates inclusive, and transfers between the registers may not take place
during that period.
                                                                  7 October 2005


ENQUIRIES:

Old Mutual plc UK
Miranda Bellord     [phone]

Old Mutual plc SA
Nad Pillay          [phone]


For further information about Old Mutual plc visit www.oldmutual.com




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