Skandia's 1st Quarter Results

Old Mutual PLC
31 May 2006

                                 
                                  Old Mutual plc

                                 Skandia Group
                              1st Quarter Results

Old Mutual plc ('Old Mutual') draws attention to today's announcement by its
subsidiary, Forsakringsaktiebolaget Skandia (publ) ('Skandia'), of its results
for the first quarter of 2006.

The full text of Skandia's report is available on the Old Mutual website at
www.oldmutual.com. Hard copies are 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.

                                                                     31 May 2006

ENQUIRIES:

Old Mutual plc
Malcolm Bell - Investor Relations (UK)             + 44 (0) 20 7002 7166
Miranda Bellord - Media Relations (UK)             + 44 (0) 20 7002 7133
Deward Serfontein - Investor Relations (SA)        + 27 (0) 21 509 8709
Nad Pillay - Media Relations (SA)                  + 27 (0) 21 504 8026

For further information about Old Mutual plc visit www.oldmutual.com





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