Shares in issue

Old Mutual PLC
18 October 2004


                                 Old Mutual plc

               Shares in issue and applications for block listing


Old Mutual plc (the 'Company') announces that the number of shares in the
Company in issue at 8 October 2004 was 3,852,199,983.

Applications have been made by the Company to the UK Listing Authority and the
London Stock Exchange for the admission to listing and trading, under the block
listing procedure, of up to 17,308,268 shares in the Company pursuant to the
Group's share option schemes (King & Shaxson Executive Share Option Scheme,
15,791; The Gerrard Group 1996 Company Share Option Scheme, 229,909; The Old
Mutual Share Option and Deferred Delivery Plan, 17,062,568).

2,691,732 of those shares are issued to cover shares already allotted, mainly by
way of recent exercises of options under the Company's share option schemes by
employees of Gerrard Limited, a former subsidiary of the Company, and are
included in the Company's issued share capital at 8 October 2004 detailed above.

Applications are also being made to each of the other exchanges on which the
Company's shares are listed for the additional issued shares to be admitted to
listing.



18 October 2004


Enquiries:

Old Mutual plc UK
Miranda Bellord [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange