Dividend Currency Conversions

Old Mutual PLC
18 April 2008


Ref 94/08


18 April 2008


          Final Dividend for the year ended 31 December 2007 (No. 17)

                              Currency Conversions


In the preliminary announcement by Old Mutual plc (the 'Company') of its results
for the year ended 31 December 2007 published on 27 February 2008, the Company
announced a recommended final dividend of 4.55p per share or its equivalent in
other currencies of payment using the exchange rates prevailing on 17 April
2008. The Company also announced that shareholders on the South African,
Zimbabwe and Malawi branch registers and the Namibian section of the principal
register would be paid the local currency equivalents of the dividend under
dividend access trust arrangements established in each country and those
shareholders who held their shares through VPC AB, the Swedish nominee, would be
paid the equivalent of the dividend in Swedish kronor.


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

South Africa             70.28   South African cents per share
Malawi                   12.65   Malawi kwachas per share
Namibia                  70.28   Namibian cents per share
Zimbabwe               299,142   Zimbabwean dollars per share*
Sweden                   0.537   Swedish kronor per share


Subject to being approved by shareholders at the Annual General Meeting on 8 May
2008, the final dividend will be paid on 30 May 2008.


The record date for this dividend payment is the close of business on Friday, 9
May 2008 for all the Exchanges where the Company's shares are listed. The last
day to trade cum-dividend will be Wednesday 30 April 2008 on the JSE and on the
Namibian Stock Exchange; Friday 2 May 2008 for the Malawi and Zimbabwe Stock
Exchanges; and Tuesday, 6 May 2008 for the London Stock Exchange.  The shares
will trade ex-dividend from the opening of business on Monday, 5 May 2008 on the
JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from the
opening of business on Wednesday, 7 May 2008 on the London Stock Exchange.


Share certificates may not be dematerialised or rematerialised on the South
African branch register between 5 and 9 May 2008, both dates inclusive, and
transfers between the registers may not take place during that period.


* Note: The Zimbabwe equivalent of the dividend has been converted at the Free
Funds Rate at 18 April 2008, adjusted upwards, owing to the hyperinflationary
environment in Zimbabwe, by 139.36% on account of anticipated inflation for the
period between 18 April and 30 May 2008.


Old Mutual

Old Mutual plc is an international savings and wealth management company based
in the UK. Originating in South Africa in 1845, the group has a balanced
portfolio of businesses offering asset management, life assurance, banking and
general insurance services in around 40 countries, primarily South Africa,
Europe and the United States. Old Mutual is listed on the London Stock Exchange
and the JSE Limited, among others.


In the year ended 31 December 2007, the Group reported adjusted operating profit
of £1.6 billion (IFRS basis). Old Mutual had £279 billion of funds under
management and 55,000 employees at 31 December 2007.


For further information on Old Mutual plc, please visit the corporate website at

www.oldmutual.com


Enquiries

Investor Relations

Aleida White                   UK        [phone]
Deward Serfontein              SA        [phone]

Media

Matthew Gregorowski            UK        [phone]
Nad Pillay                     SA        [phone]



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