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 grant of restricted  
shares to a PDMR                                                                
OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
JSE SHARE CODE: OML                                                             
NSX SHARE CODE: OLM                                                             
ISSUER CODE: OLOML                                                              
Ref 20/12                                                                       
9 March 2012                                                                    
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 2012, 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-   32,431         R5,249,930.28       
2012      ordinary shares     based                                             
8 March   Nedbank Group       Time-based     32,431         R5,249,930.28       
2012      ordinary shares                                                       
The restricted shares were granted at the volume weighted average price         
(R161.88) for the three trading days ending 2 March 2012 at no cost to Mr Brown 
and vesting of these shares, which is due to occur on 8 and 9 March 2015, is    
subject to time-based and performance-based vesting criteria as indicated above.
Mr Brown now holds 272,062 restricted shares, granted under the Nedbank Group   
(2005) share option, matched share and restricted share scheme and 151,293      
Nedbank Group Limited Ordinary shares, of which 15,479 shares have been         
committed in respect of the compulsory bonus deferral scheme and 19,635 shares  
have been committed in respect of the Matched Share Scheme.                     
Enquiries                                                                       
External Communications / Investor Relations                                    
Patrick Bowes                            +44 (0)20 7002 7440                    
Kelly de Kock                            +27 (0)21 509 8709                     
                                                                                
Media                                                                           
William Baldwin-                         +44 (0)20 7002 7133                    
Charles                                                                         
                                                                                
Notes to Editors                                                                
Old Mutual                                                                      
Old Mutual 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 is listed on the
London and Johannesburg Stock Exchanges, among others, since 1999.              
In the year ended 31 December 2011, the Group reported adjusted operating profit
before tax of GBP1.5 billion (on an IFRS basis) and had GBP267 billion of funds 
under management from core operations.                                          
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com                                                               
9 March 2012                                                                    
Sponsor:                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Date: 09/03/2012 16:15:01 Supplied by www.sharenet.co.za                     
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