Dividend Currency Conversion

Old Mutual PLC
06 October 2006

                                 Old Mutual plc
                                        
                         Interim Dividend 2006 (No. 14)
                              Currency Conversion
                                         
In its interim results announcement for the six months ended 30 June 2006
published on 14 September 2006 Old Mutual plc (the 'Company') announced an
interim dividend of 2.1p per share or its equivalent in other currencies of
payment, using exchange rates prevailing on 5 October 2006. The Company also
announced that shareholders on the South African, Zimbabwe and Malawi branch
registers and the Namibian section of the principal register would be paid the
local currency equivalents of the dividend under dividend access trust
arrangements established in each country and those shareholders who held their
shares through VPC AB, the Swedish nominee, would be paid the equivalent of the
dividend in Swedish Kronor. The local currency equivalents of the dividend have
now been established and are as follows:

South Africa           30.78 South African cents per share
Malawi                 5.396 Malawi Kwacha per share
Namibia                30.78 Namibian cents per share
Zimbabwe               9.864 Zimbabwean dollars per share
Sweden                 0.288 Swedish Kronor per share

The interim dividend will be paid on 30 November 2006.

The record date for this dividend payment is the close of business on Friday, 20
October 2006 for all the Exchanges where the Company's shares are listed. The
last day to trade cum-dividend on the JSE Limited ('JSE') and other African
Exchanges will be Friday, 13 October 2006, whilst the last trade to trade
cum-dividend on the London and Stockholm Stock Exchanges will be Tuesday, 17
October 2006. The shares will trade ex-dividend from the opening of business on
Monday, 16 October 2006 on the JSE and the other African Exchanges and from the
opening of business on Wednesday, 18 October 2006 on the London and Stockholm
Stock Exchanges.

Share certificates may not be dematerialised or rematerialised on the South
African branch register between Monday, 16 October and Friday, 20 October 2006,
both dates inclusive, and transfers between the registers may not take place
during that period.

                                                                  6 October 2006

ENQUIRIES:

Old Mutual plc UK
Miranda Bellord                 [phone]
Old Mutual plc SA
Nad Pillay                      [phone]

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



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