Dividend Declaration

Old Mutual PLC
20 April 2007


                                 Old Mutual plc

Ref 22/07


20 April 2007


          Final Dividend for the year ended 31 December 2006 (No. 15)

                              Currency Conversions


In the preliminary announcement by Old Mutual plc (the 'Company') of its results
for the year ended 31 December 2006 published on 26 February 2007, the Company
announced a recommended final dividend of 4.15p per share or its equivalent in
other currencies of payment using the exchange rates prevailing on 19 April
2007. 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           58.26  South African cents per share

Malawi                 11.47  Malawi kwachas per share

Namibia                58.26  Namibian cents per share

Zimbabwe               20.77  Zimbabwean dollars per share*

Sweden                 0.562  Swedish kronor per share


Subject to being approved by shareholders at the Annual General Meeting on 24
May 2007, the final dividend will be paid on 31 May 2007.

The record date for this dividend payment is the close of business on Friday, 11
May 2007 for all the Exchanges where the Company's shares are listed. The last
day to trade cum-dividend on the JSE and on the Namibian, Zimbabwe and Malawi
Stock Exchanges will be Friday, 4 May 2007 and Tuesday, 8 May 2007 for the
London and Stockholm Stock Exchanges.  The shares will trade ex-dividend from
the opening of business on Monday, 7 May 2007 on the JSE and on the Namibian,
Zimbabwe and Malawi Stock Exchanges and from the opening of business on
Wednesday, 9 May 2007 on the London and Stockholm Stock Exchanges.


Share certificates may not be dematerialised or rematerialised on the South
African branch register between 7 and 11 May 2007, both dates inclusive, and
transfers between the registers may not take place during that period.


*Note: In accordance with the requirements of applicable Zimbabwe legislation,
the dividend has been converted at the official exchange rate.  In recognition
of the inflationary environment currently prevailing in Zimbabwe, an additional
amount will be paid to reflect the anticipated reduction in value in the
dividend between 19 April 2007 and the payment date, 31 May 2007.  This is
currently expected to amount to around an additional 40.64 Zimbabwean dollars
per share.  The exact amount of that additional amount will be announced to the
Zimbabwe Stock Exchange on 3 May 2007.


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 over 40 countries, primarily South Africa, Europe
and the United States. Old Mutual is listed on the London, Johannesburg and
Stockholm stock exchanges, among others.

By conducting its business worldwide under its core values of integrity, respect
and accountability, Old Mutual aspires to push beyond boundaries to drive value
for all its stakeholders.

In the year ended 31 December 2006, the group reported an increase in adjusted
operating profit of 16% to £1.4 billion (IFRS basis). Old Mutual had £239
billion of funds under management at 31 December 2006, and 53,000 employees.

For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com


Enquiries

Investor Relations

Malcolm Bell                   UK        [phone]
Deward Serfontein              SA        [phone]

Media

James Crampton                 UK        [phone]
Nad Pillay                     SA        + 27 (0)21 504 8026



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