Final Dividend for the year ended 31 December 2006 (No. 15) Currency Conversions


Final Dividend for the year ended 31 December 2006 (No. 15) Currency Conversions

In the preliminary announcement by Old Mutual plc (the “Company”) of its
results for the year ended 31 December 2006 published on 26
February 2007, the Company announced a recommended final dividend of
4.15p per share or its equivalent in other currencies of payment using
the exchange rates prevailing on 19 April 2007. 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     58.26  South African cents per share
Malawi           11.47  Malawi kwachas per share
Namibia          58.26  Namibian cents per share
Zimbabwe         20.77  Zimbabwean dollars per share*
Sweden           0.562  Swedish kronor per share
Subject to being approved by shareholders at the Annual General Meeting
on 24 May 2007, the final dividend will be paid on 31 May 2007.
The record date for this dividend payment is the close of business on
Friday, 11 May 2007 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 Friday, 4 May 2007
and Tuesday, 8 May 2007 for the London and Stockholm Stock Exchanges. 
The shares will trade ex-dividend from the opening of business on
Monday, 7 May 2007 on the JSE and on the Namibian, Zimbabwe and Malawi
Stock Exchanges and from the opening of business on Wednesday, 9 May
2007 on the London and Stockholm Stock Exchanges.
Share certificates may not be dematerialised or rematerialised on the
South African branch register between 7 and 11 May 2007, both dates
inclusive, and transfers between the registers may not take place during
that period.
*Note:In accordance with the requirements of applicable Zimbabwe
legislation, the dividend has been converted at the official exchange
rate.  In recognition of the inflationary environment currently
prevailing in Zimbabwe, an additional amount will be paid to reflect the
anticipated reduction in value in the dividend between 19 April 2007 and
the payment date, 31 May 2007.  This is currently expected to amount to
around an additional 40.64 Zimbabwean dollars per share.  The exact
amount of that additional amount will be announced to the Zimbabwe Stock
Exchange on 3 May 2007.
Old Mutual
Old Mutual plc is an international savings and wealth management company
based in the UK. Originating in South Africa in 1845, the group has a
balanced portfolio of businesses offering asset management, life
assurance, banking and general insurance services in over 40 countries,
primarily South Africa, Europe and the United States. Old Mutual is
listed on the London, Johannesburg and Stockholm stock exchanges, among
By conducting its business worldwide under its core values of integrity,
respect and accountability, Old Mutual aspires to push beyond boundaries
to drive value for all its stakeholders.
In the year ended 31 December 2006, the group reported an increase in
adjusted operating profit of 16% to £1.4 billion (IFRS basis). Old
Mutual had £239 billion of funds under management at 31 December 2006,
and 53,000 employees.
For further information on Old Mutual plc, please visit the corporate
website at

Investor Relations     
Malcolm Bell       UK +44 (0)20 7002 7166
Deward Serfontein  SA +27 (0)21 509 8709
James Crampton     UK +44 (0)20 7002 7133
Nad Pillay         SA + 27 (0)21 504 8026