Completion of sale of shares by the Old Mutual South Africa Unclaimed Shares Trust

Further to the statement by Old Mutual plc (the Company) on 30 January 2007 that the Trustees of its Unclaimed Shares Trusts would be disposing of their remaining shareholdings, the Company announces that the Old Mutual South Africa Unclaimed Shares Trust has now completed its programme of sales of a total of approximately 53.9 million shares, achieving an average price before expenses and tax of R24.04 per share over the six-week duration of the programme.

Proposals for the use of these proceeds of sale (together with the residual assets in the other four Unclaimed Shares Trusts) are being submitted for shareholder approval at the Company's Annual General Meeting, which will take place in London on 24 May 2007.