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Fri 4 Apr 2003, 10:16 FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2002
OLD MUTUAL PLC FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2002 CURRENCY      
CONVERSION                                                                      
Old Mutual plc                                                                  
ISIN code: GB0007389926                                                         
JSE share code: OML                                                             
NSX share code: OLM                                                             
Issuer code: OLOML                                                              
                                                      
In the preliminary announcement by Old Mutual plc of its results for the year   
ended 31 December 2002 published on 24 February 2003, the company announced a   
recommended final dividend of 3.1p per share or its equivalent in other         
currencies of payment using the exchange rates prevailing on 3 April 2003. On 13
March 2003, Old Mutual announced it would apply a Zimbabwe dollar/sterling      
exchange rate determined by Zimbabwe Statutory Instrument 83A of 2003 in        
calculating the dividend to be paid to shareholders on the Zimbabwe branch      
register.                                                                       
The local currency equivalents of the proposed dividend have now been           
established and are as follows:                                                 
South Africa           38.33   South African cents per share                    
Malawi                 4.4157  Malawi kwacha per share                          
Namibia                38.33   Namibian cents per share                         
Zimbabwe               40.1603 Zimbabwean dollars per share                     
Subject to being approved by shareholders at the Annual General Meeting on 16   
May 2003, the final dividend will be paid on 30 May 2003.                       
The record date for this dividend payment is Tuesday, 22 April 2003 for all the 
exchanges where Old Mutual shares are listed. The ex-dividend date on the London
Stock Exchange is the opening of business on Wednesday, 16 April 2003.          
In accordance with the settlement procedures of STRATE, Old Mutual has          
determined the last day for trading to participate in the final dividend to be  
Friday, 11 April 2003 for shares traded through the JSE Securities Exchange     
South Africa.  The ex-dividend date on the JSE Securities Exchange South Africa 
and also on the Malawi, Namibian and Zimbabwe Stock Exchanges will be the       
opening of business on Monday, 14 April 2003.                                   
4 April 2003                                                                    
(Incorporated in England and Wales under the Companies Act 1985 with            
registration number 3591559)                                                    
Enquiries:                                                                      
Old Mutual plc, London                                                          
James Poole                                                                     
Tel: + 44 20 7569 0100                                                          
Transfer Secretaries/Registrars                                                 
Computershare Investor Services                                                 
Bristol call centre:                                                            
Tel: +44 870 702 0001                                                           
Johannesburg call centre:                                                       
Tel: +27 11 370 7700                                                            
Copies of the Annual Report and Accounts may be obtained from:                  
Director, Investor Relations,                                                   
Old Mutual plc at the registered office:                                        
3rd Floor, Lansdowne House,                                                     
57 Berkeley Square,                                                             
London W1J 6ER                                                                  
Read the full Old Mutual plc 2002 Annual Report and Accounts at                 
www.oldmutual.com                                                               


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