Share Interests

Old Mutual PLC
13 September 2004

                                  Old Mutual plc

                                 Share interests



Old Mutual plc (the 'Company') announces that it was notified on 10 September
2004 that Public Investment Commissioners of the Republic of South Africa ('PIC
') had a notifiable interest, for the purposes of Part VI of the UK Companies
Act 1985, in 382,584,914 shares in the Company, representing approximately 9.97%
of the Company's current issued ordinary share capital.



PIC is a non-banking financial intermediary responsible for the investment of
public sector pension and provident funds and various social security and trust
funds in South Africa.  At 31 December 2003 its disclosed shareholding in the
Company was 285,726,184 shares, representing approximately 7.4% of the then
issued capital.



13 September 2004





Enquiries:


Old Mutual plc UK
Miranda Bellord             [phone]


Old Mutual plc SA
Nad Pillay                  [phone]


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