Share interests

Old Mutual PLC
2 October 2001

                                Old Mutual plc


                              Share interests



Old Mutual plc has been informed, by a letter dated 1 October 2001 received
yesterday, that St Paul Fire and Marine Insurance Company has a notifiable
interest, for the purposes of Part VI of the UK Companies Act 1985, in shares
representing 5.0858% of the current issued ordinary share capital of Old
Mutual plc.



The shares concerned were issued on 27 September 2001, in connection with the
completion of the acquisition, announced on 28 September 2001, of Fidelity and
Guaranty Life Insurance by the Old Mutual group.



2 October 2001


Enquiries


Old Mutual plc                                             [phone]
Martin Murray, Group Company Secretary