Dividend Payment

The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2007 of 4.55p per share (making a total of 6.85p for the year).

The record date for this dividend payment is the close of business on Friday, 9 May 2008 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, 2 May 2008 and Tuesday, 6 May 2008 for the London Stock Exchange. The shares will trade ex-dividend from the opening of business on Monday, 5 May 2008 on the JSE and on the Namibian, Zimbabwe and Malawi Stock Exchanges and from the opening of business on Wednesday, 7 May 2008 on the London Stock Exchange.

Shareholders on the South African, Zimbabwe and Malawi branch registers and the Namibian section of the principal register will be paid the local currency equivalents of the dividend under dividend access trust arrangements established in each country. Shareholders who hold their shares through VPC AB, the Swedish nominee, will be paid the equivalent of the dividend in Swedish Kronor (SEK). Local currency equivalents of the dividend, for all five territories, will be determined by the Company using exchange rates prevailing at close of business on Thursday, 17 April 2008 and will be announced by the Company on Friday, 18 April 2008.

Share certificates may not be dematerialised or rematerialised within Strate between Monday, 5 May 2008 and Friday, 9 May 2008, both dates inclusive, and transfers between the registers may not take place during that period.

The final dividend is subject to approval at the Annual General Meeting of Old Mutual plc, which will be held in London on Thursday, 8 May 2008. Subject to being so approved, the final dividend will be paid on Friday, 30 May 2008.