Statement re Possible Offer

Old Mutual PLC
25 January 2008

Old Mutual

Ref 21/08

25 January 2008

UPDATE ON POTENTIAL OFFER FOR MUTUAL & FEDERAL

Old Mutual plc ('Old Mutual') refers to its announcements dated 8 November and 
14 December 2007 relating to discussions between Old Mutual and Royal Bafokeng 
Holdings (Proprietary) Limited ('RBH') concerning the potential sale by Old 
Mutual to RBH of a controlling interest in Mutual & Federal Insurance Company 
Limited ('Mutual & Federal').

Shareholders are advised that discussions are continuing, and a further
announcement will be made in due course.


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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