OML - Old Mutual plc - Notification of Transactions of Directors, Persons

OML - Old Mutual plc - Notification of Transactions of Directors, Persons       
Discharging Managerial Responsibility or Connected Persons                      
OLD MUTUAL plc                                                                  
Issuer code: OLOML                                                              
JSE Share code: OML                                                             
NSX share code: OLM                                                             
ISIN: GB0007389926                                                              
Ref /11                                                                         
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL       
RESPONSIBILITY OR CONNECTED PERSONS                                             
GRANT OF RESTRICTED SHARES TO A PDMR                                            
The following restricted share awards were granted to Mr M W T Brown, Chief     
Executive of Nedbank Group Limited and a member of the Group Executive          
Committee of Old Mutual plc, on 7 and 8 March 2011, under the terms of the      
Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme:   
Grant    Type of shares  Vesting       Number of    Value                       
Date                     Criteria      Restricted                               
                                      shares                                    
                                      granted                                   
7 March  Nedbank Group   Performance-  23,357       R2,999,973.08               
2011     ordinary        based                                                  
        shares                                                                  
8 March  Nedbank Group   Time-based    23,357       R2,999,973.08               
2011     ordinary                                                               
        shares                                                                  
The restricted shares were granted at the volume weighted average price         
(R128.44) for the three trading days ending 2 March 2011 at no cost to Mr       
Brown and vesting of these shares, which is due to occur on the third           
anniversary of award, is subject to time-based and performance-based vesting    
criteria as indicated above.                                                    
Mr Brown now holds 326,027 restricted shares, granted under the Nedbank Group   
(2005) share option, matched share and restricted share scheme and 63,883       
Nedbank Group Limited Ordinary shares, of which 4,895 shares have been          
committed in respect of the compulsory bonus deferral scheme and 28,557 shares  
have been committed in respect of the Matched Share Scheme.                     
Enquiries                                                                       
External Communications                                                         
Patrick Bowes                      +44 (0)20 7002 7440                          
Investor Relations                                                              
Deward Serfontein SA               +27 (0)82 810 5672                           
Aleida White UK                    +44 (0)20 7002 7287                          
Media                                                                           
William Baldwin-Charles            +44 (0)20 7002 7133                          
Notes to Editors                                                                
Old Mutual                                                                      
Old Mutual plc is an international long-term savings, protection and            
investment Group.  Originating in South Africa in 1845, the Group provides      
life assurance, asset management, banking and general insurance to 15 million   
customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed   
on the London Stock Exchange and the Johannesburg Stock Exchange, among         
others.                                                                         
In the year ended 31 December 2010, the Group reported adjusted operating       
profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion   
of funds under management, from core operations, at the year end.  For further  
information on Old Mutual plc, please visit the corporate website at            
www.oldmutual.com                                                               
9 March 2011                                                                    
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 09/03/2011 17:30:01 Supplied by www.sharenet.co.za                     
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