Old Mutual AGM Results

Annual General Meeting 2006 Director’s retirement and Results of shareholder voting

Director’s retirement As planned, Mr Warren Clewlow retired from the Board of Old Mutual plc (the “Company”) at the end of the Company’s Annual General Meeting (the “AGM”) held in London earlier today. He had been a Director of the Company since March 1999. Commenting at the AGM, Chris Collins, Chairman of the Company said: “He has been a stalwart of the Board for many years and we are very grateful to him for his enormous contribution to the Group.” Results of shareholder voting At the AGM, all of the resolutions set out in the Notice of Meeting sent to shareholders as part of the Report and Accounts and Summary Financial Statements for the year ended 31 December 2005 were voted on by a poll, and the results of the votes cast on the polls were as follows: Ordinary Resolutions Resolution 1 To receive and adopt the directors’ report and accounts In favour Against % in favour Votes withheld 2,958,839,799 19,643,649 99.34% 16,275,255 Resolution 2 To declare a final dividend of 3.65 pence per ordinary share In favour Against % in favour Votes withheld 2,968,201,267 17,827,234 99.40% 8,773,152 Resolution 3 Election of Mr R J Khoza as a director of the Company (i) In favour Against % in favour Votes withheld 2,954,727,774 16,955,929 99.43% 23,113,950 Resolution 3 Re-election of Mr N D T Andrews as a director of the (ii) Company In favour Against % in favour Votes withheld 2,979,144,033 1,363,760 99.95% 14,291,235 Resolution 3 Re-election of Mr R Bogni as a director of the Company (iii) In favour Against % in favour Votes withheld 2,978,257,527 2,857,465 99.90% 13,686,661 Resolution 3 Re-election of Mr N N Broadhurst as a director of the (iv) Company In favour Against % in favour Votes withheld 2,963,322,611 17,983,257 99.40% 13,495,785 Resolution 4 Re-appointment of KPMG Audit Plc as auditors to the Company In favour Against % in favour Votes withheld 2,871,933,601 42,513,963 98.54% 80,317,845 Resolution 5 Authority to the Audit Committee of the Company to settle the remuneration of the auditors In favour Against % in favour Votes withheld 2,955,519,145 29,614,808 99.01% 9,660,204 Resolution 6 Approval of the Remuneration Report in the Company’s report and accounts In favour Against % in favour Votes withheld 2,922,116,619 28,491,164 99.03% 44,186,373 Resolution 7 Authority to allot relevant securities up to an aggregate nominal amount of £53,563,000 In favour Against % in favour Votes withheld 2,851,279,788 132,889,245 95.55% 10,632,620 Special Resolutions Resolution 8 Authority to allot equity securities up to a maximum nominal aggregate amount of £26,781,000 In favour Against % in favour Votes withheld 2,817,338,254 53,414,168 98.14% 124,049,231 Authority in accordance with section 166 of the Companies Resolution 9 Act 1985 to purchase up to 535,630,000 Ordinary Shares of 10p each in the Company by way of market purchase In favour Against % in favour Votes withheld 2,972,092,648 12,618,270 99.58% 10,090,735 Approval of contingent purchase contracts to enable up to a maximum of 535,630,000 Ordinary Shares in the Company Resolution 10 to be bought back on the JSE Limited, the Namibian Stock Exchange, the Zimbabwe Stock Exchange, the Malawi Stock Exchange and the Stockholm Stock Exchange In favour Against % in favour Votes withheld 2,974,946,725 2,288,275 99.92% 17,566,653 Each of the resolutions was accordingly duly passed. 10 May 2006 ENQUIRIES: Old Mutual plc Malcolm Bell - Investor Relations (UK) + 44 (0)20 7002 7166 Miranda Bellord - Media Relations (UK) + 44 (0) 207002 7133 Deward Serfontein - Investor Relations (SA) + 27 (0) 21509 8709 Nad Pillay - Media Relations (SA) + 27(0) 21 504 8026 College Hill Tony Friend + 44(0) 20 7457 2020 Gareth David +44 (0) 20 7457 2020 For further information about Old Mutual plc visit www.oldmutual.com