Transaction in Own Shares

Old Mutual PLC
31 January 2008


                                Old Mutual plc

Ref 26/08

31 January 2008

                           Transaction in Own Shares

Old Mutual plc ('the Company') announces that on 30 January 2008 it purchased
through Deutsche Bank AG, London Branch a total of 2,000,000 of the Company's
ordinary shares of 10p each.

All of these shares were acquired on the London Stock Exchange at an average
price of 131.48 pence per share.

The purchased shares will be held in treasury. The Company's current issued
share capital is now 5,360,833,100 ordinary shares of 10p each (excluding the
149,440,963 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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