AMENDED SCHEDULE A

DATED MAY 9, 2007

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(CLASS A SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	0.45%	0.90%	1.35%
Old Mutual Barrow Hanley Value Fund	0.45%	0.90%	1.35%
Old Mutual Columbus Circle Technology and Communications Fund	0.65%	1.05%	1.70%
Old Mutual Emerging Growth Fund	0.53%	1.02%	1.55%
Old Mutual Focused Fund	0.60%	0.80%	1.40%
Old Mutual Growth Fund	0.475%	0.875%	1.35%
Old Mutual Heitman REIT Fund	0.55%	0.95%	1.50%
Old Mutual Large Cap Fund	0.59%	0.81%	1.40%
Old Mutual Large Cap Growth Fund	0.58%	0.92%	1.50%
Old Mutual Large Cap Growth Concentrated Fund	0.55%	0.95%	1.50%
Old Mutual Mid-Cap Fund	0.45%	1.00%	1.45%
Old Mutual Select Growth Fund	0.55%	0.95%	1.50%
Old Mutual Small Cap Fund	0.40%	1.10%	1.50%
Old Mutual Strategic Small Company Fund	0.50%	1.10%	1.60%
Old Mutual TS&W Small Cap Value Fund	0.40%	1.15%	1.55%
Fixed Income Funds
Old Mutual Cash Reserves Fund	0.53%	0.45%	0.98%
Old Mutual Dwight Short Term Fixed Income Fund	0.42%	0.53%	0.95%
Old Mutual Dwight Intermediate Fixed Income Fund	0.50%	0.60%	1.10%

AMENDED SCHEDULE B

DATED MAY 9, 2007

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(CLASS C SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	1.20%	0.90%	2.10%
Old Mutual Barrow Hanley Value Fund	1.20%	0.90%	2.10%
Old Mutual Columbus Circle Technology and Communications Fund	1.40%	1.05%	2.45%
Old Mutual Emerging Growth Fund	1.28%	1.02%	2.30%
Old Mutual Focused Fund	1.35%	0.80%	2.15%
Old Mutual Growth Fund	1.225%	0.875%	2.10%
Old Mutual Heitman REIT Fund	1.30%	0.95%	2.25%
Old Mutual Large Cap Fund	1.34%	0.81%	2.15%
Old Mutual Large Cap Growth Fund	1.33%	0.92%	2.25%
Old Mutual Large Cap Growth Concentrated Fund	1.30%	0.95%	2.25%
Old Mutual Mid-Cap Fund	1.20%	1.00%	2.20%
Old Mutual Select Growth Fund	1.30%	0.95%	2.25%
Old Mutual Small Cap Fund	1.15%	1.10%	2.25%
Old Mutual Strategic Small Company Fund	1.25%	1.10%	2.35%
Old Mutual TS&W Small Cap Value Fund	1.15%	1.15%	2.30%
Fixed Income Funds
Old Mutual Cash Reserves Fund	1.28%	0.45%	1.73%
Old Mutual Dwight Short Term Fixed Income Fund	0.92%	0.53%	1.45%
Old Mutual Dwight Intermediate Fixed Income Fund	1.25%	0.60%	1.85%

SCHEDULE C

DATED DECEMBER 21, 2006

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(ADVISOR CLASS SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	0.45%	0.90%	1.35%
Old Mutual Barrow Hanley Value Fund	0.45%	0.90%	1.35%
Old Mutual Columbus Circle Technology and Communications Fund	0.65%	1.05%	1.70%
Old Mutual Emerging Growth Fund	0.53%	1.02%	1.55%
Old Mutual Focused Fund	0.60%	0.80%	1.40%
Old Mutual Growth Fund	0.475%	0.875%	1.35%
Old Mutual Heitman REIT Fund	0.55%	0.95%	1.50%
Old Mutual Large Cap Fund	0.59%	0.81%	1.40%
Old Mutual Large Cap Growth Fund	0.58%	0.92%	1.50%
Old Mutual Large Cap Growth Concentrated Fund	0.55%	0.95%	1.50%
Old Mutual Mid-Cap Fund	0.45%	1.00%	1.45%
Old Mutual Select Growth Fund	0.55%	0.95%	1.50%
Old Mutual Small Cap Fund	0.40%	1.10%	1.50%
Old Mutual Strategic Small Company Fund	0.50%	1.10%	1.60%
Old Mutual TS&W Small Cap Value Fund	0.40%	1.15%	1.55%
Fixed Income Funds
Old Mutual Dwight Short Term Fixed Income Fund	0.42%	0.53%	0.95%
Old Mutual Dwight Intermediate Fixed Income Fund	0.50%	0.60%	1.10%

SCHEDULE D

DATED DECEMBER 21, 2006

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(CLASS Z SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	0.20%	0.90%	1.10%
Old Mutual Barrow Hanley Value Fund	0.20%	0.90%	1.10%
Old Mutual Columbus Circle Technology and Communications Fund	0.40%	1.05%	1.45%
Old Mutual Emerging Growth Fund	0.28%	1.02%	1.30%
Old Mutual Focused Fund	0.35%	0.80%	1.15%
Old Mutual Growth Fund	0.225%	0.875%	1.10%
Old Mutual Heitman REIT Fund	0.30%	0.95%	1.25%
Old Mutual Large Cap Fund	0.34%	0.81%	1.15%
Old Mutual Large Cap Growth Fund	0.33%	0.92%	1.25%
Old Mutual Large Cap Growth Concentrated Fund	0.30%	0.95%	1.25%
Old Mutual Mid-Cap Fund	0.20%	1.00%	1.20%
Old Mutual Select Growth Fund	0.30%	0.95%	1.25%
Old Mutual Small Cap Fund	0.15%	1.10%	1.25%
Old Mutual Strategic Small Company Fund	0.25%	1.10%	1.35%
Old Mutual TS&W Small Cap Value Fund	0.15%	1.15%	1.30%
Fixed Income Funds
Old Mutual Cash Reserves Fund	0.28%	0.45%	0.73%
Old Mutual Dwight Short Term Fixed Income Fund	0.17%	0.53%	0.70%
Old Mutual Dwight Intermediate Fixed Income Fund	0.25%	0.60%	0.85%

AMENDEDSCHEDULE E

DATED MAY 9, 2007

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(CLASS R SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	0.70%	0.90%	1.60%
Old Mutual Barrow Hanley Value Fund	0.70%	0.90%	1.60%
Old Mutual Columbus Circle Technology and Communications Fund	0.90%	1.05%	1.95%
Old Mutual Emerging Growth Fund	0.78%	1.02%	1.80%
Old Mutual Focused Fund	0.85%	0.80%	1.65%
Old Mutual Growth Fund	0.725%	0.875%	1.60%
Old Mutual Heitman REIT Fund	0.80%	0.95%	1.75%
Old Mutual Large Cap Fund	0.84%	0.81%	1.65%
Old Mutual Large Cap Growth Fund	0.83%	0.92%	1.75%
Old Mutual Large Cap Growth Concentrated Fund	0.80%	0.95%	1.75%
Old Mutual Mid-Cap Fund	0.70%	1.00%	1.70%
Old Mutual Select Growth Fund	0.80%	0.95%	1.75%
Old Mutual Small Cap Fund	0.65%	1.10%	1.75%
Old Mutual Strategic Small Company Fund	0.75%	1.10%	1.85%
Fixed Income Funds
Old Mutual Cash Reserves Fund	0.78%	0.45%	1.23%
Old Mutual Dwight Short Term Fixed Income Fund	0.67%	0.53%	1.20%
Old Mutual Dwight Intermediate Fixed Income Fund	0.75%	0.60%	1.35%

AMENDEDSCHEDULE F

DATED MAY 9, 2007

TO

EXPENSE LIMITATION AGREEMENT

BETWEEN

OLD MUTUAL ADVISOR FUNDS II

AND

OLD MUTUAL CAPITAL, INC.

DATED DECEMBER 21, 2006

(INSTITUTIONAL CLASS SHARES)

	Class Expense Limit	Fund Expense Limit	Total Expense Limit
This Agreement relates to the following Portfolios of the Trust:
Equity Funds
Old Mutual Analytic U.S. Long/Short Fund	0.00%	0.90%	0.90%
Old Mutual Barrow Hanley Value Fund	0.00%	0.90%	0.90%
Old Mutual Columbus Circle Technology and Communications Fund	0.15%	1.05%	1.20%
Old Mutual Emerging Growth Fund	0.03%	1.02%	1.05%
Old Mutual Focused Fund	0.00%	0.80%	0.80%
Old Mutual Growth Fund	0.075%	0.875%	0.95%
Old Mutual Heitman REIT Fund	0.00%	0.95%	0.95%
Old Mutual Large Cap Fund	0.04%	0.81%	0.85%
Old Mutual Large Cap Growth Fund	0.03%	0.92%	0.95%
Old Mutual Large Cap Growth Concentrated Fund	0.00%	0.95%	0.95%
Old Mutual Mid-Cap Fund	0.00%	1.00%	1.00%
Old Mutual Select Growth Fund	0.00%	0.95%	0.95%
Old Mutual Small Cap Fund	0.00%	1.10%	1.10%
Old Mutual Strategic Small Company Fund	0.00%	1.10%	1.10%
Fixed Income Funds
Old Mutual Cash Reserves Fund	0.28%	0.45%	0.73%
Old Mutual Dwight Short Term Fixed Income Fund	0.02%	0.53%	0.55%
Old Mutual Dwight Intermediate Fixed Income Fund	0.00%	0.60%	0.60%