TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Old Mutual plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

 X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

AXA S.A, 25 Avenue Matignon, 75008 Paris and its group of companies

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or reached:

 02/11/2009

6. Date on which issuer notified:

 04/11/2009

7. Threshold(s) that is/are crossed or reached:

 5 %.

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 738992

273,810,488

273,810,488

35,050,581

35,050,581

287,953,607

0.66

5.46

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion 
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise 
price

Expiration 
date

Exercise/
Conversion 
period

Number of voting 
rights instrument 
refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 323,004,188        

 6.12%                

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 Alliance Capital Management        3,552,300.00        0.03365

Direct                

__________________________________________________________

AXA                                            10,367,638.00        0.09822

Direct                

__________________________________________________________

AXA Australia                                   271,655.00        0.00257

Indirect                

__________________________________________________________

AXA Colonia Konzern                      996,000.00        0.00944

Direct                

__________________________________________________________

AXA Colonia Konzern                      519,603.00        0.0049224

Indirect                

__________________________________________________________

AXA Financial, Inc                     285,081,568.00        2.70

Indirect                    

__________________________________________________________

AXA France                                       18,703.00        0.000177181

Indirect                

__________________________________________________________

AXA IM UK                                 8,139,643.00        0.077109988

Direct                

__________________________________________________________

AXA IM UK                                    686,670.00        0.006505091

Indirect                

__________________________________________________________

AXA Rosenberg                           11,995,000.00        0.113633277

Direct                

­­­­­­­­­­__________________________________________________________

AXA Rosenberg                            1,375,408.00        0.013029772

Indirect                    

__________________________________________________________

0                                                      35,050,581        0.66410

Total Indirect                                 287,953,607        5.45579

___________________________________________________________

TOTAL                                           323,004,188        6.11989

­­­­­­­­­­­___________________________________________________________

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

 Patrick Bowes

15. Contact telephone number:

 020 7002 7440