Director's Share Interests

Old Mutual PLC
22 May 2003

                                 OLD MUTUAL PLC


                       Directors' interests in securities



The Company has been informed, by a notification received today, that Mr C F
Liebenberg, a non-executive Director of the Company and Chairman of its 53%
owned banking subsidiary, Nedcor Limited, has today acquired by subscription at
par US$100,000 nominal of Guaranteed Cumulative Perpetual Securities in Old
Mutual Capital Funding L.P.  These represent Mr Liebenberg's entire holding of
the securities concerned and constitute 0.013% of the total issue of US$750
million.







Enquiries

James Poole ([phone])
Director, Investor Relations
Old Mutual plc





22 May 2003


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