Number of Shares in Issue

Old Mutual PLC
11 February 2002

                                 OLD MUTUAL PLC

                           Number of Shares in Issue

Old Mutual plc ('the Company') announces that a total of 3,743,710,976 shares in
the Company were in issue as at 31 December 2001.  Changes since 30 June 2001
were made up as follows:

Number of shares in issue at 30 June 2001                          3,552,405,819
Shares issued during the period on exercise of executive share           676,415
options

Shares issued during the period on exercise of sharesave                 272,111
options

Shares issued to St Paul Fire & Marine Insurance Company on          190,356,631
acquisition of Fidelity & Guaranty Life Insurance Company

Shares in issue at 31 December 2001                                3,743,710,976

The above figures for shares issued on exercise of executive share options and
sharesave options relate to shares issued under the Old Mutual plc Share Option
and Deferred Delivery Plan and the Old Mutual plc Savings-Related Share Option
Scheme respectively, but also include shares issued on exercise of rollover
options granted in connection with the acquisition of Gerrard Group plc in April
2000.

11 February 2002

Enquiries:

Old Mutual plc                                        Tel: [phone]
James Poole, Director, Investor Relations


                      This information is provided by RNS
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