M&F Trading Update

Old Mutual PLC
19 January 2007



Ref: 01/07

19 January 2007


                   Mutual & Federal Insurance Company Limited

                                 Trading Update



Mutual & Federal Insurance Company Limited ('Mutual & Federal'), the South
African general insurance subsidiary of Old Mutual plc ('Old Mutual'), has today
issued a trading update.

The full text of the Mutual & Federal announcement is available on the Old
Mutual website at www.oldmutual.com or on the JSE Securities Exchange News
Service (SENS). A hard copy is also available from Corporate Affairs, Old Mutual
plc, 5th Floor, Old Mutual Place, 2 Lambeth Hill, London EC4V 4GG or Old Mutual
Square, Isibaya Building, 2nd Floor, 93 Grayston Drive, Sandton 2196, South
Africa.

Old Mutual

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

Enquiries

Investor Relations
Malcolm Bell                   UK       [phone]

Media
Katie Bell                     UK       [phone]
Nad Pillay                     SA       [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange