Number of Shares in Issue

Old Mutual PLC
30 July 2001

                                OLD MUTUAL PLC

                          Number of Shares in Issue

Old Mutual plc ('the Company') announces that a total of 3,552,405,819 shares
in the Company were in issue as at 30 June 2001. Changes since 31 December
2000 were made up as follows:

Number of shares in issue at 31 December 2000                      3,551,412,891

Shares issued during the period on exercise of executive share           895,217
options

Shares issued during the period on exercise of sharesave options          97,711

Shares in issue at 30 June 2001                                    3,552,405,819

The above respective figures for shares issued on exercise of executive share
options and sharesave options include rollover options granted in connection
with the acquisition of Gerrard Group plc in April 2000.

                                                                  30 July 2001

Enquiries:

Old Mutual plc                                        Tel: [phone]

Martin Murray, Company Secretary