Transaction in Own Shares

Old Mutual PLC
23 November 2007


                                 Old Mutual plc
Ref 88/07
23 November 2007
                           Transaction in Own Shares


Old Mutual plc ('the Company') announces that on 22 November 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 1,590,000 of the Company's ordinary shares of 10p each.

1,350,000 of these shares were acquired on the London Stock Exchange at an
average price of 154.13 pence per share and 240,000 shares were acquired on the
JSE Limited at an average price of ZAR 21.58 per share.

The purchased shares will be held in treasury.  The Company's current issued
share capital is now 5,451,203,221 ordinary shares of 10p each (excluding the
58,460,573 shares that have so far been repurchased into treasury).


Old Mutual

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


Enquiries

 Investor Relations
 Aleida van Herel                UK         [phone]
 Deward Serfontein               SA         [phone]

 Media
 James Crampton                  UK         [phone]
 Nad Pillay                      SA         [phone]



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