Final Dividend Announcement

Old Mutual PLC
6 March 2001


                                OLD MUTUAL PLC

              Final Dividend for the year ended 31 December 2000



The Directors of Old Mutual plc are proposing a final dividend for the year
ended 31 December 2000 of 3.1p per share (making a total of 4.7p for the
year).

The record date for this dividend payment is the close of business on 20 April
2001 for all the exchanges where Old Mutual plc's shares are listed.

The ex-dividend date is the opening of business on 18 April 2001 on all those
exchanges.

The local currency equivalents of the proposed dividend for shareholders on
the South African, Malawi and Zimbabwe branch registers and the Namibian
section of the principal register will be determined using the exchange rates
on 12 April 2001 and will be announced by the Company on 17 April 2001.

The final dividend is subject to approval at the Annual General Meeting of Old
Mutual plc on 18 May 2001. The final dividend will be paid on 31 May 2001.

                                                                  6 March 2001


Enquiries:

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

College Hill, London                                 Tel: + 44 20 7457 2020
Matthew Gregorowski

College Hill, South Africa                           Tel: + 27 11 447 3030
Kim Milnes