Dividend Notification Declaration

Old Mutual PLC
10 April 2000



                       OLD MUTUAL PLC
                              
   Final Dividend for the year ended 31 December 1999
                   Currency Conversion
                   
                   
In  their announcement on 8 March 2000 of the preliminary
results  of  Old  Mutual for the year ended  31  December
1999,   the   directors  stated  that   they   would   be
recommending a final dividend of 2p per share.

The record date for this dividend payment is 7 April 2000
for shareholders on the South Africa, Malawi and Zimbabwe
branch  registers  and the Namibian  section  of  the  UK
register.   The  record  date  for  shareholders  on  the
principal  UK register is 14 April 2000.  The ex-dividend
date  is today, 10 April 2000, on all exchanges on  which
the company's shares are listed.

The  local currency equivalents of the proposed  dividend
have  now  been  established, using  the  exchange  rates
prevailing on 7 April 2000, as reported on 10 April  2000 by
the Financial Times.

These dividends are as follows:

South  Africa       20.77    South African cents per share
Malawi             1.4947    MK per share
Namibia             20.77    Namibian cents per share
Zimbabwe             1.21    Zimbabwean dollars per share

The  dividend is subject to shareholder approval  at  the
Annual General Meeting of Old Mutual plc, which is to  be
held  in  London  on  18  May  2000.   Subject  to  being
approved, the final dividend will be paid on 31 May 2000.

                                            10 April 2000
Enquiries:

Old Mutual plc                     Tel: + 44 20 7569 0100
James Poole, Director of Investor Relations

College Hill
Nicholas Williams                  Tel: + 44 20 74572020
Graham Fiford                      Tel: + 27 11 447 3030