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Mon 14 Jul 2003, 16:47 Old Mutual Plc Number of Shares in Issue
OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
JSE SHARE CODE: OML                                                             
NSX SHARE CODE: OLM                                                             
ISSUER CODE: OLOML                                                              
Number of Shares in Issue                                                       
Old Mutual plc ("the Company") announces that a total of 3,832,260,238 shares in
the Company were in issue at 30 June 2003.  Changes since 31 December 2002 were 
as follows:                                                                     
Number of shares in issue at                                                    
31 December 2002                         3,782,506,372                          
Shares issued during the period on                                              
exercise of executive share options      186,121                                
Shares issued during the period on                                              
exercise of sharesave options            47,745                                 
Shares issued on 12 March 2003 under                                            
placing announced on 6 March 2003        49,520,000                             
Shares in issue at 30 June 2003          3,832,260,238                          
The above figures for shares issued on exercise of options relate to shares     
issued under the Company"s Share Option and Deferred Delivery Plan and Savings- 
Related Share Option Scheme, together with shares in the Company issued on      
exercise of rollover executive and sharesave options arising from the           
acquisition of Gerrard Group plc in 2000.                                       
14 July 2003                                                                    
Enquiries                                                                       
James Poole, Investor Relations Director                                        
Tel: +44 (0)20 7569 0100
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