Result of AGM

Old Mutual PLC
14 May 2004

                                 Old Mutual plc

     Annual General Meeting 2004 and Court Meeting re scheme of arrangement
                         Results of shareholder voting


Annual General Meeting
At the Annual General Meeting of Old Mutual plc (the 'Company') held in London
earlier today all of the resolutions set out in the Notice of Meeting sent to
shareholders as part of the Report and Accounts and Summary Financial Statements
for the year ended 31 December 2003 were voted upon by a poll. This announcement
sets out the results of the votes on each resolution.



Ordinary Resolutions

Resolution 1              To receive and adopt the directors' report and accounts
                          In Favour                Against                 % in favour
                          1,783,591,896            2,899,368               99.84%

Resolution 2              To declare a final dividend of 3.1 pence per ordinary share
                          In Favour                Against                 % in favour
                          1,826,191,939            96,335                  99.99%

Resolution 3 (i)          Election of Michael Marks as a director of the Company
                          In Favour                Against                 % in favour
                          1,815,895,358            1,073,589               99.94%

Resolution 3 (ii)         Re-election of Rudi Bogni as a director of the Company
                          In Favour                Against                 % in favour
                          1,815,787,183            1,105,695               99.94%

Resolution 3 (iii)        Re-election of Norman Broadhurst as a director of the Company
                          In Favour                Against                 % in favour
                          1,805,146,590            6,303,783               99.65%

Resolution 3 (iv)         Re-election of Julian Roberts as a director of the Company
                          In Favour                Against                 % in favour
                          1,809,742,666            7,356,819               99.60%

Resolution 4              Re-appointment of KPMG Audit Plc as auditors to the Company
                          In Favour                Against                 % in favour
                          1,797,800,999            7,506,721               99.58%

Resolution 5              To authorise the Audit Committee of the Company to settle the
                          remuneration of the auditors
                          In Favour                Against                 % in favour
                          1,804,581,632            3,823,078               99.79%

Resolution 6              To approve the Remuneration Report in the Company's report and accounts
                          In Favour                Against                 % in favour
                          1,649,850,335            33,853,841              97.99%

Resolution 7*             Authority to allot relevant securities up to an aggregate nominal amount
                          of £127,917,000
                          In Favour                Against                 % in favour
                          1,350,584,574            468,340,374             74.25%

*During the meeting the Chairman Mr Mike Levett made the following statement:


'This Resolution, which is in accordance with UK institutional investors' guidelines, does not
accord with what is now regarded as best practice in South Africa.  In the light of this, the
Board undertakes that the Company will not use the authority to be granted by this resolution
beyond 10% of the existing issued shares - that is to an aggregate nominal value of £38,374,000 -
without coming back to shareholders - notwithstanding the higher figure contained in the
resolution.'


Special Resolutions

Resolution 8              Authority to allot equal securities up to a maximum nominal aggregate
                          amount of £19,187,000
                          In Favour                Against                 % in favour
                          1,394,035,668            424,243,718             76.67%

Resolution 9              Authority in accordance with section 166 of the Companies Act 1985 to
                          purchase up to 383,752,930 Ordinary Shares of 10p each in the Company by
                          way of market purchase
                          In Favour                Against                 % in favour
                          1,817,474,833            4,974,669               99.73%

Resolution 10 (i)         Approval of contingent purchase contract to enable shares to be bought
                          back on the JSE Securities Exchange South Africa
                          In Favour                Against                 % in favour
                          1,817,316,278            1,495,217               99.92%

Resolution 10 (ii)        Approval of contingent purchase contract to enable shares to be bought
                          back on the Namibian Stock Exchange
                          In Favour                Against                 % in favour
                          1,816,549,384            1,674,309               99.91%

Resolution 10 (iii)       Approval of contingent purchase contract to enable shares to be bought
                          back on the Zimbabwe Stock Exchange
                          In Favour                Against                 % in favour
                          1,816,778,772            1,568,199               99.91%

Resolution 10 (iv)        Approval of contingent purchase contract to enable shares to be bought
                          back on the Malawi Stock Exchange
                          In Favour                Against                 % in favour
                          1,816,431,152            1,686,756               99.91%

Resolution 11             Adoption of amended Articles of Association
                          In Favour                Against                 % in favour
                          1,861,828,092            322,342                 99.98%

Resolution 12             Approval of arrangements relating to the proposed extension of the
                          Unclaimed Shares Trusts, including amendment of the Company's objects
                          clause
                          In Favour                Against                 % in favour
                          1,853,573,012            607,237                 99.97%


Each of the resolutions was accordingly duly passed.


Court Meeting
At a Meeting of the Company's shareholders convened by order of the UK High
Court and held immediately following the Annual General Meeting today, a
resolution was put to approve a scheme of arrangement under section 425 of the
UK Companies Act 1985 authorising the Board of the Company to extend the period
within which certain entitlements that arose upon demutualisation of the Group
may be claimed.

The results of the poll relating to the resolution proposed at that Court
Meeting are set out below:



Resolution to approve the proposed scheme of arrangement
In Favour                         Against                          % in favour
1,711,443,781                     527,488                          99.97%



The resolution was accordingly duly passed.

                                                                     14 May 2004



Further information

James Poole
Director Corporate Affairs
Old Mutual plc
Tel: [phone]


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