Result of AGM

Old Mutual PLC
11 May 2005


                          Annual General Meeting 2005
                             Retirement of Chairman
                         Results of shareholder voting

Retirement of Chairman

As planned, Mike Levett retired from the Board at the end of the Annual General
Meeting of Old Mutual plc (the 'Company') held in London earlier today, and the
Chairmanship passed to Christopher Collins. Norman Broadhurst has succeeded
Christopher Collins as senior non-executive director.

Mike Levett had been with the Group for 46 years and had been Chairman of the
Company since 1990. He led Old Mutual's demutualisation and listing in 1999, and
its transformation into an international financial services group, with
operations in South Africa, the UK, the USA and the Far East.

Jim Sutcliffe, Chief Executive, said:

'Mike has tremendous vision and drive - as evidenced by his leading the
demutualisation of Old Mutual in 1999. He has given me a great deal of guidance
and insight into Old Mutual's businesses and we will miss him. To put his legacy
in perspective, when Mike became Chairman in 1990, Old Mutual had R60 billion in
funds under management. Nowadays that figure is R1,686 billion - an impressive
testament to his commitment and leadership.'

As a result of Mr Levett's retirement and Mr Collins' succession, a number of
changes have been made to Board Committees:

• Mr Collins has succeeded Mr Levett as Chairman of the Nomination
  Committee;

• Mr Bogni has succeeded Mr Collins as Chairman of the Remuneration
  Committee; and

• Mr Collins has resigned as a member of both the Audit Committee and the
  Remuneration Committee.

Results of shareholder voting

At the Company's Annual General Meeting, all of the resolutions set out in the
Notice of Meeting sent to shareholders as part of the Report and Accounts and
Summary Financial Statements for the year ended 31 December 2004 were voted on
by a poll, and the results of the votes cast on the polls were as follows:


Ordinary Resolutions

Resolution 1      To receive and adopt the directors' report and
                  accounts

                  In favour          Against           % in favour

                  2,044,705,400      21,380,274        98.97%

Resolution 2      To declare a final dividend of 3.5 pence per ordinary
                  share

                  In favour          Against           % in favour

                  2,123,670,694      78,692            100.00%

Resolution 3 (i)  Election of Russell Edey as a director of the Company

                  In favour          Against           % in favour

                  2,112,503,571      1,468,620         99.93%

Resolution 3 (ii) Election of Wiseman Nkuhlu as a director of the
                  Company

                  In favour          Against           % in favour

                  2,112,053,579      1,686,519         99.92%

Resolution 3      Re-election of Chris Collins as a director of the
(iii)             Company

                  In favour          Against           % in favour

                  2,112,785,918      1,393,048         99.93%

Resolution 3 (iv) Re-election of Jim Sutcliffe as a director of the
                  Company

                  In favour          Against           % in favour

                  2,100,469,892        13,763,824      99.35%

Resolution 4      Re-appointment of KPMG Audit Plc as auditors to the
                  Company

                  In favour          Against           % in favour

                  2,096,801,795      4,741,165         99.77%


Resolution 5      Authority to the Audit Committee of the Company to
                  settle the remuneration of the auditors 

                  In favour          Against           % in favour

                  2,119,929,135      2,882,448         99.86%

Resolution 6      Approval of the Remuneration Report in the Company's
                  report and accounts

                  In favour          Against           % in favour

                  2,062,583,556      25,446,472        98.78%

Resolution 7      Authority to allot relevant securities up to an
                  aggregate nominal amount of £38,544,000

                  In favour          Against           % in favour

                  2,062,088,615      53,539,610        97.47%

Special Resolutions

Resolution 8      Authority to allot equal securities up to a maximum
                  nominal aggregate amount of £19,272,000

                  In favour          Against           % in favour

                  2,093,099,501      26,161,532        98.77%

Resolution 9      Authority in accordance with section 166 of the
                  Companies Act 1985 to purchase up to 385,442,000
                  Ordinary Shares of 10p each in the Company by way of
                  market purchase

                  In favour          Against           % in favour

                  2,121,039,052      1,381,400         99.93%

Resolution 10 (i) Approval of contingent purchase contract to enable
                  shares to be bought back on the JSE Securities Exchange
                  South Africa

                  In favour          Against           % in favour

                  2,112,368,541      1,246,814         99.94%

Resolution 10     Approval of contingent purchase contract to enable
(ii)              shares to be bought back on the Namibian Stock
                  Exchange

                  In favour          Against           % in favour

                  2,111,729,249      1,469,121         99.93%


Resolution 10     Approval of contingent purchase contract to enable
(iii)             shares to be bought back on the Zimbabwe Stock
                  Exchange

                  In favour          Against           % in favour

                  2,111,812,582      1,394,528         99.93%

Resolution 10     Approval of contingent purchase contract to enable
(iv)              shares to be bought back on the Malawi Stock
                  Exchange

                  In favour          Against           % in favour

                  2,111,667,972      1,537,636         99.93%

Each of the resolutions was accordingly duly passed.

                                                                     11 May 2005


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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