NOTIFICATION OF A TRANSACTION OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR)

NOTIFICATION OF A TRANSACTION OF A PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES (PDMR)

Notification in accordance with Rule 3.1.4R of the Disclosure and Transparency
Rules

Old Mutual plc (the Company) announces that, on 24 August 2007, Mr S F Powers,
Chief Executive Officer, Old Mutual US Operations, exercised a share option
under the Old Mutual Share Option and Deferred Delivery Plan (SOP) as follows: 

Date of   Option shares Exercise Sale Price No. of shares No. of shares
exercise  exercised     price               sold to cover retained
                                            costs of
                                            exercise and
                                            income tax
24 Aug 07 832,800       £0.9525  £1.52      654,671       178,129


The interests of Mr Powers in the SOP and the Old Mutual Restricted Share Plan
(RSP) following the above transaction are as follows:

Plan Date of grant Exercise Shares under   Vesting Date Expiry Date
                   price    option / award
SOP  26 Feb 03     £0.8625  2,059,002      Vested       26 Feb 09
SOP  3 Mar 04      £0.9525  532,518        Vested       3 Mar 10
RSP  4 Mar 02      N/A      122,690        4 Mar 08     -
RSP  27 Apr 05     N/A      343,075        27 Apr 08    -
RSP  29 Mar 06     N/A      863,752        29 Mar 09    -
RSP  30 Mar 07     N/A      747,924        30 Mar 10    -

Mr Powers also holds a beneficial interest in 623,661 Old Mutual plc ordinary
10p shares.

Old Mutual
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com 


Enquiries

Investor Relations     
Aleida van Herel   UK +44 (0)20 7002 7287
Deward Serfontein  SA +27 (0)21 509 8709
Media                  
James Crampton     UK +44 (0)20 7002 7133
Nad Pillay         SA +27 (0)82 553 7980