Mutual & Federal Y/E Results

Old Mutual PLC
08 February 2007

                                 Old Mutual plc

Ref 05/07

8 February 2007

                   Mutual & Federal Insurance Company Limited
                   Results for the year ended 31 December 2006



Mutual & Federal Insurance Company Limited ('Mutual & Federal'), the South
African general insurance subsidiary of Old Mutual plc ('Old Mutual'), has today
issued its preliminary results for the year ended 31 December 2006.

The full text of Mutual & Federal's announcement is available on the Old Mutual
website at www.oldmutual.com or on the JSE 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 will announce its preliminary results on 26 February 2007.

Notes to Editors

Old Mutual

Old Mutual plc is an international savings and wealth management company based
in the UK. Originating in South Africa in 1845, the group has a balanced
portfolio of businesses offering asset management, life assurance, banking and
general insurance services in over 40 countries, primarily South Africa, Europe
and the United States. Old Mutual is listed on the London, Johannesburg and
Stockholm stock exchanges, among others.

By conducting its business worldwide under its core values of integrity, respect
and accountability, Old Mutual aspires to push beyond boundaries to drive value
for all its stakeholders.

In the year ended 31 December 2005, the group reported an increase in adjusted
operating profit of 30% to £1.2 billion (IFRS basis). Old Mutual had £222
billion of funds under management at 30 September 2006, and 47,000 employees.

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

Enquiries

Investor Relations
Malcolm Bell                   UK       [phone]
Deward Serfontein              SA       [phone]

Media
James Crampton                 UK       [phone]
Nad Pillay                     SA       + 27 (0)21 504 8026


Forward-looking statements

This announcement or presentation may contain certain forward-looking statements
with respect to certain of Old Mutual plc's plans and its current goals and
expectations relating to its future financial condition, performance and
results. By their nature, all forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances that are
beyond Old Mutual plc's control, including, among other things, UK domestic and
global economic and business conditions, market-related risks such as
fluctuations in interest rates and exchange rates, policies and actions of
regulatory authorities, the impact of competition, inflation, deflation, the
timing and impact of other uncertainties or of future acquisitions or
combinations within relevant industries, as well as the impact of tax and other
legislation and other regulations in territories where Old Mutual plc or its
affiliates operate.

As a result, Old Mutual plc's actual future financial condition, performance and
results may differ materially from the plans, goals and expectations set forth
in Old Mutual plc's forward-looking statements. Old Mutual plc undertakes no
obligation to update any forward-looking statements contained in this
announcement or presentation or any other forward-looking statements that it may
make.




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