Dividend Currency Conversions

Old Mutual PLC
29 March 2006

                                  Old Mutual plc

          Final Dividend for the year ended 31 December 2005 (No. 13)
                              Currency Conversions

In the preliminary announcement by Old Mutual plc (the 'Company') of its results
for the year ended 31 December 2005 published on 27 February 2006, the Company
announced a recommended final dividend of 3.65p per share or its equivalent in
other currencies of payment using the exchange rates prevailing on 28 March
2006. The Company also announced that shareholders on the South African,
Zimbabwe and Malawi branch registers and the Namibian section of the principal
register would be paid the local currency equivalents of the dividend under
dividend access trust arrangements established in each country and those
shareholders who held their shares through VPC AB, the Swedish nominee, would be
paid the equivalent of the dividend in Swedish Kronor.

The local currency equivalents of the proposed dividend have now been
established and are as follows:

South Africa           39.91 South African cents per share
Malawi                 8.367 Malawi Kwachas per share
Namibia                39.91 Namibian cents per share
Zimbabwe               6312.6 Zimbabwean dollars per share
Sweden                 0.497 Swedish Kronor per share

Subject to being approved by shareholders at the Annual General Meeting on 10
May 2006, the final dividend will be paid on 31 May 2006.

The record date for this dividend payment is the close of business on Friday, 21
April 2006 for all the Exchanges where the Company's shares are listed. The last
day to trade cum-dividend on the JSE and on the Namibian, Zimbabwe and Malawi
Stock Exchanges will be Wednesday, 12 April 2006 and Tuesday, 18 April 2006 for
the London and Stockholm Stock Exchanges. The shares will trade ex-dividend from
the opening of business on Thursday, 13 April 2006 on the JSE and on the
Namibian, Zimbabwe and Malawi Stock Exchanges and from the opening of business
on Wednesday, 19 April 2006 on the London and Stockholm Stock Exchanges.

Share certificates may not be dematerialised or rematerialised on the South
African branch register between 13 and 21 April 2006, both dates inclusive, and
transfers between the registers may not take place during that period.

                                                                   29 March 2006

ENQUIRIES:

Old Mutual plc UK
Miranda Bellord [phone]
Old Mutual plc SA
Nad Pillay [phone]

For further information about Old Mutual plc visit www.oldmutual.com



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