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Old Mutual plc (the “Company”) announces that it has today received notification from Barclays PLC dated 30 May 2006 informing the Company that the notifiable interest of Barclays PLC in the Company’s ordinary share capital, for the purposes of Part VI of the UK Companies Act 1985, has reduced from 5.00% to 4.87% represented by an aggregate holding of 267,304,240 shares held through the following entities: Absa Bank Ltd 756,650 Barclays Bank Trust Company Ltd 9,587 Barclays Capital Securities Ltd 12,042,620 Barclays Global Fund Advisors 16,631,433 Barclays Global Investors Australia Ltd 4,658,282 Barclays Global Investors Canada Ltd 348,406 Barclays Global Investors Japan Ltd 5,823,669 Barclays Global Investors Japan Trust & Banking 6,444,678 Barclays Global Investors Ltd 111,331,321 Barclays Global Investors, N.A. 91,728,297 Barclays Life Assurance Co Ltd 13,067,594 Barclays Private Bank and Trust Ltd 697,306 Barclays Private Bank Ltd 2,892,120 Gerrard Limited 872,277 1 June 2006 Enquiries: Old Mutual plc UK Corporate Affairs +44 (0)20 7002 7133

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