Director/PDMR Shareholding

Old Mutual PLC
29 August 2007

                                 Old Mutual plc
                                        
Ref 48/07

29 August 2007

        NOTIFICATION OF A TRANSACTION OF A PERSON DISCHARGING MANAGERIAL
                            RESPONSIBILITIES (PDMR)


Notification in accordance with Rule 3.1.4R of the Disclosure and Transparency
Rules


Old Mutual plc (the Company) announces that, on 24 August 2007, Mr S F Powers,
Chief Executive Officer, Old Mutual US Operations, exercised a share option
under the Old Mutual Share Option and Deferred Delivery Plan (SOP) as follows:

Date of    Option      Exercise   Sale     No. of shares sold to      No. of
exercise   shares      price      Price    cover costs of exercise    shares
           exercised                       and income tax             retained
24 Aug     832,800    £0.9525    £1.52     654,671                    178,129
07


The interests of Mr Powers in the SOP and the Old Mutual Restricted Share Plan
(RSP) following the above transaction are as follows:

Plan   Date of      Exercise      Shares under option    Vesting     Expiry
       grant        price         / award                Date        Date
SOP    26 Feb 03    £0.8625       2,059,002              Vested      26 Feb 09
SOP    3 Mar 04     £0.9525       532,518                Vested      3 Mar 10
RSP    4 Mar 02     N/A           122,690                4 Mar 08           -
RSP    27 Apr 05    N/A           343,075                27 Apr 08          -
RSP    29 Mar 06    N/A           863,752                29 Mar 09          -
RSP    30 Mar 07    N/A           747,924                30 Mar 10          -


Mr Powers also holds a beneficial interest in 623,661 Old Mutual plc ordinary
10p shares.


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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