Directors' share interests

Old Mutual PLC
21 October 2002


                                 OLD MUTUAL PLC

                           Directors' share interests

The Company has been informed, by notifications received today, of the following
changes to directors' holdings of shares in its subsidiary companies, following
implementation today of the buy-out by Nedcor Limited of the minority interests
not already owned by Nedcor Limited in Nedcor Investment Bank Holdings Limited
('NIBH'):


Name of director                  Date of                     No. of NIBH shares   No. of Nedcor Limited shares
                                  transaction                        disposed of                       acquired
                                                                     

R C M Laubscher                   21.10.02                                   102                              3
M J Levett                        21.10.02                               250,000                          8,333
C F Liebenberg                    21.10.02                               320,814                         10,693



21 October 2002


ENQUIRIES:

Old Mutual plc                                                  [phone]
James Poole


College Hill                                                    [phone]
Gareth David


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