OML - Old Mutual plc - Notification of transactions of directors, persons

OML - Old Mutual plc - Notification of transactions of directors, persons       
discharging managerial responsibilities or connected persons in accordance      
with Rule 3.1.4R of the disclosure and transparency rules                       
OLD MUTUAL plc                                                                  
Issuer code: OLOML                                                              
JSE Share code: OML                                                             
NSX share code: OLM                                                             
ISIN: GB0007389926                                                              
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL       
RESPONSIBILITIES OR CONNECTED PERSONS IN ACCORDANCE WITH RULE 3.1.4R OF THE     
DISCLOSURE AND TRANSPARENCY RULES                                               
THE NEDBANK GROUP (2005) SHARE OPTION, MATCHED SHARE AND RESTRICTED SHARE       
SCHEME                                                                          
On 1 April 2011, 6,578 Nedbank Group Limited shares vested to Mr M W T Brown,   
Chief Executive of Nedbank Group Limited and a member of the Group Executive    
Committee of Old Mutual plc, under the rules of the 2008 Matched Share Scheme.  
These shares vested as a result of Mr Brown remaining an employee of Nedbank    
Group Limited throughout the vesting period. A further 6,578 Nedbank Group      
Limited shares held under award under the 2008 Matched Share Scheme lapsed as   
a result of the pre-determined Nedbank Group Limited performance targets for    
the period 2008 to 2010 not being met.                                          
On 4 April 2011, Mr Brown acquired on the open market, and committed, 14,817    
Nedbank Group Limited shares to the 2011 Matched Share Scheme at a price of     
R141.72 per share.                                                              
10,584 of these shares were committed by Mr Brown under the compulsory bonus    
deferral scheme introduced by the Nedbank Group Limited Remuneration Committee  
in 2009, under which deferred amounts could be invested in the Matched Share    
Scheme. The deferred amount would be forfeited if Mr Brown were to resign       
before the end of the deferral period, or if in the sole opinion of the         
Nedbank Group Limited Board, material irregularities or misrepresentation of    
financial results came to light during the deferral period.                     
4,233 of these shares were committed by Mr Brown in respect of his voluntary    
participation in the Matched Share Scheme, under which up to 50% of his after-  
tax bonus could be used to acquire shares in Nedbank Group Limited. Mr Brown    
may dispose of these shares at any time prior to the vesting date of 1 April    
2014, but this would cancel his participation in the Scheme in respect of       
these shares. On the vesting date, 50% of the shares still held in trust in     
respect of Mr Brown`s portfolio would be matched on a one-for-one basis if he   
were to remain in the employ of Nedbank Group Limited at that time, and a       
further 50% of the shares still held in trust on vesting date would be matched  
on a one-for-one basis if a predetermined Nedbank Group Limited performance     
target for the period 2011 to 2013 was met.                                     
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 more than    
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.                                
For further information on Old Mutual plc, please visit the corporate website   
at www.oldmutual.com                                                            
Ref 35/11                                                                       
6 April 2011                                                                    
Sponsor:                                                                        
Merrill Lynch SA (Pty) Limited                                                  
Date: 06/04/2011 12:30:01 Supplied by www.sharenet.co.za                     
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