Director/PDMR Shareholding

Old Mutual PLC
04 March 2008


Ref: 56/08


4 March 2008


Share interests of a person discharging managerial responsibilities (PDMR)

Old Mutual plc (the Company) announces the following changes in listed
subsidiary share interests of a PDMR.

Grant of a restricted share award to a PDMR

Mr T A Boardman, Chief Executive of Nedbank Group Limited, was granted a
restricted share award under the Nedbank Group (2005) Share Option, Matched
Share and Restricted Share Scheme, on 3 March 2008:

PDMR        Date of      Shares under    Award price per    Total value of the
            award        award           share              award
T A         3 March      60,167          R120.62            R7,257,344
Boardman    2008

The restricted share award is over Nedbank Group Limited ordinary shares that
were issued at the volume-weighted average price for 27, 28 and 29 February
2008, at no cost to Mr Boardman. The vesting of these restricted shares, due on
4 March 2011, is subject to time-based and performance-based vesting criteria.

The total number of Nedbank Group Limited shares held by Mr Boardman under
option under the Nedcor Group (1994) Employee Incentive Scheme and the Nedbank
Group (2005) Share Option, Matched Share and Restricted Share Scheme is 543,965.
The total number of restricted shares held by Mr Boardman under the Nedbank
Group (2005) Share Option, Matched Share and Restricted Share Scheme is 60,167.
Mr Boardman also holds 50,098 Nedbank Group Limited Ordinary shares and 85,000
Nedbank Limited preference shares.


For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com


Enquiries

Investor Relations
Aleida White                   UK        [phone]
Deward Serfontein              SA        [phone]

Media
Nicholas Bicket                UK        [phone]
Nad Pillay                     SA        + 27 (0)21 504 8026


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