Interim Dividend 2003

Old Mutual PLC
07 August 2003

                               OLD MUTUAL PLC

                             Interim Dividend 2003

The Directors of Old Mutual plc ('the Company') have declared an interim
dividend of 1.7p per share for the six months to 30 June 2003, to be paid on
Friday, 28 November 2003.

The record date for this dividend payment is the close of business on Friday, 17
October 2003 for all the Exchanges where the Company's shares are listed. The
last day to trade cum dividend on the JSE Securities Exchange South Africa ('JSE
') and other African Exchanges will be Friday, 10 October 2003. The shares will
trade ex dividend from the opening of business on Monday, 13 October 2003 on the
JSE and the other African Exchanges and from the opening of business on
Wednesday, 15 October 2003 on the London Stock Exchange.

Shareholders on the South African, Zimbabwe and Malawi branch registers and the
Namibian section of the principal register will be paid the local currency
equivalent of the dividend under the Dividend Access Trust arrangements
established in each country. Local currency equivalents of the dividend will be
determined by the Company using exchange rates prevailing at close of business
on Thursday, 2 October 2003 and will be announced by the Company on Friday, 3
October 2003.

Shares certificates may not be dematerialised or rematerialised on the South
African branch register between Monday, 13 October 2003 and Friday, 17 October
2003, both dates inclusive, and transfers between the registers may not take
place during that period.


                                                                   7 August 2003



Enquiries:

Old Mutual plc, London                                        [phone]
James Poole, Director of Investor Relations

Old Mutual, South Africa                                      [phone]
Nad Pillay




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