Interim Dividend

Old Mutual PLC
12 August 2002

                                OLD MUTUAL PLC

                                Interim Dividend



The Board of Old Mutual plc ('the Company') has declared an interim dividend of
1.7p per share for the six months to 30 June 2002, to be paid on 29 November
2002 to shareholders on the register at close of business on 18 October 2002.



The Company's shares are listed on the London, Zimbabwe, Namibian and Malawi
stock exchanges and the JSE Securities Exchange South Africa ('JSE'). The shares
will trade ex dividend from the opening of business on 14 October 2002 on the
JSE and the Malawi, Namibian and Zimbabwe Stock Exchanges and the opening of
business on 16 October 2002 on the London Stock Exchange.



Shareholders on the South African, Zimbabwe and Malawi branch registers and the
Namibian section of the principal register will be paid the local currency
equivalent of the dividend under the Dividend Access Trust arrangements
established in each country. Local currency equivalents of the dividend will be
determined by the company using exchange rates prevailing on 3 October 2002. An
announcement of the local currency equivalents will be made by the Company on 4
October 2002.



The last day to trade cum dividend on the JSE and other African exchanges will
be the close of business on Friday, 11 October 2002.



Shares may not be dematerialised or rematerialised in the context of the South
African share trading system, STRATE, between Monday, 14 October 2002 and
Friday, 18 October 2002, both dates inclusive.





                                                                  12 August 2002



Enquiries:


Old Mutual plc                                                 [phone]

James Poole, Director of Investor Relations


College Hill, London                                           [phone]

Tony Friend






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