Dividend Declaration

Old Mutual PLC
16 October 2000


                            
 Interim Dividend for the six months ended 30 June 2000
                   Currency Conversion
                            
In the interim results announcement of Old Mutual for the
six  months to 30 June 2000 on 5 September, the directors
declared an interim dividend of 1.6p per share.

The  record date for this dividend payment is 20  October
2000 for all shareholders. The ex-dividend date is today,
16 October 2000.

The  local currency equivalents of the proposed  dividend
have  now  been  established, using  the  exchange  rates
prevailing on 13 October 2000, as reported today  in  the
Financial Times.

These dividends are as follows:

South  Africa      17.53       South African  cents
per share
Malawi              1.8105     MK per share
Namibia            17.53       Namibian cents per share
Zimbabwe            1.2394     Zimbabwean dollars per share

The interim dividend will be paid on 30 November 2000.


ENQUIRIES:

Old Mutual plc
London     James Poole, Director Investor Relations
Tel: + 44 20 7569 0100

Cape Town                           Martin Minnaar,
Shareholder Services                Tel: + 27 21 5094403


College Hill
London
Nicholas Williams
Tel: + 44 20 7457 2020

Johannesburg
Kim Milnes
Tel: + 27 11 447 3030


Transfer Secretaries / Registrars
Computershare Services

Bristol call centre:                   Tel: [phone]
Johannesburg call centre:              Tel: [phone]