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Old Mutual Plc - Response To Press Speculation                                  
OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
JSE SHARE CODE: OML                                                             
NSX SHARE CODE: OLM                                                             
ISSUER CODE: OLOML                                                              
Response to Press Speculation                                                   
Old Mutual plc (`Old Mutual`) confirms that it is in preliminary discussions    
with Skandia concerning a potential transaction. Discussions are at an early    
stage and may or may not lead to Old Mutual making an offer for Skandia.        
Further announcements will be made in the event of any material developments.   
13 May 2005                                                                     
Enquiries:                                                                      
Old Mutual plc               +44 (0 ) 20 7002 7000                              
James Poole                                                                     
Miranda Bellord                                                                 
College Hill                 +44 (0) 20 7457 2020                               
Alex Sandberg                                                                   
Tony Friend                                                                     
Sponsor                                                                         
Merrill Lynch

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