Transaction in Own Shares

Old Mutual PLC
22 October 2007

Old Mutual plc



Ref 65/07

22 October 2007

                           Transaction in Own Shares



Old Mutual plc ('the Company') announces that on 19 October 2007 it purchased
through Merrill Lynch International and Merrill Lynch South Africa (Pty) Limited
a total of 1,930,000 of the Company's ordinary shares of 10p each.

1,500,000 of these shares were acquired on the London Stock Exchange at an
average price of 168.35 pence per share and 430,000 shares were acquired on the
JSE Limited at an average price of ZAR 23.43 per share.

The purchased shares will be held in treasury.  The Company's current issued
share capital is now 5,490,764,924 ordinary shares of 10p each (excluding the
17,917,600 shares that have so far been repurchased into treasury).

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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