Dividend Declaration

Old Mutual PLC
19 October 2007

                                   Old Mutual

Ref 64/07

19 October 2007

              Interim Dividend 2007 (No.16) - Currency Conversion


In its interim results announcement for the six months ended 30 June 2007
published on 10 August 2007, Old Mutual plc (the 'Company') announced an interim
dividend of 2.3p per share or its equivalent in other currencies of payment,
using exchange rates prevailing on 18 October 2007. The Company also announced
that shareholders on its Malawi, South African, and Zimbabwe 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 interim dividend have now been established
and are as follows:


Malawi: 6.51 Malawi Kwacha per share

Namibia: 31.79 Namibian cents per share

South Africa: 31.79 South African cents per share

Sweden: 0.302 Swedish Kronor per share

Zimbabwe: 21,304 Zimbabwean dollars per share*


The interim dividend will be paid on 30 November 2007.


The record date for this dividend payment is the close of business on Friday, 9
November 2007 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, 2 November 2007, whilst the last day to trade cum
dividend on the London Stock Exchange will be Tuesday, 6 November 2007. The
shares will trade ex dividend from the opening of business on Monday, 5 November
2007 on the JSE and the other African Exchanges and from the opening of business
on Wednesday, 7 November 2007 on the London Stock Exchange.


Share certificates may not be dematerialised or rematerialised on the South
African branch register between Monday, 5 November and Friday, 9 November 2007,
both dates inclusive, and transfers between the registers may not take place
during that period.



*Note: The Zimbabwe equivalent of the interim dividend has been converted at the
effective official exchange rate at 18 October 2007, adjusted upwards, owing to
the hyperinflationary environment in Zimbabwe, by 67.8% on account of
anticipated inflation for the period between 18 October and 30 November 2007.

Old Mutual

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


Enquiries

Investor Relations
Aleida van Herel               UK        [phone]
Deward Serfontein              SA        [phone]
Media
James Crampton                 UK        [phone]
Nad Pillay                     SA        [phone]







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