Appointment of new CFO

Old Mutual PLC
20 July 2006



                                  Old Mutual plc

                 Old Mutual appoints new Group Finance Director

Old Mutual plc ('Old Mutual') is pleased to announce the appointment of Jonathan
Nicholls as Group Finance Director. Mr Nicholls joins from Hanson PLC, where he
has been Finance Director since 1998, and will take up his appointment on 1
November 2006. He will also be appointed to the Old Mutual plc Board.

Mr Nicholls joins Old Mutual after a 10-year career at Hanson PLC and prior to
that 11 years with Abbey National (1985 to 1996). Since his arrival at Hanson in
1996, Mr Nicholls has played a key role in the company's successful
repositioning following three major demergers in 1996/1997. During this period
he has initiated and, with his team, driven continuous improvement of Hanson's
operations in over 14 countries and the introduction of more rigorous capital
appraisal and strategic planning processes. He has a wealth of M&A experience,
reflected in Hanson's successful acquisition of Pioneer International and a
large number of bolt-on acquisitions. He is currently a non-executive director
of Man Group plc.

Mr Nicholls succeeds Julian Roberts, who became Chief Executive of Skandia in
February 2006. Richard Hoskins, currently Acting Group Finance Director, will
become Finance Director of Old Mutual's US operations, reporting to Scott
Powers, Chief Executive, Old Mutual USA, following handover to Jonathan
Nicholls.

Jim Sutcliffe, Chief Executive of Old Mutual plc, said:

'I am delighted to welcome Jonathan to Old Mutual plc. He has strong
international credentials, having looked after Hanson's activities across the
world and I am sure his appointment will prove invaluable to Old Mutual as it
pursues its ambition to become a world-class international financial services
group.'

Jonathan Nicholls, said:

'I am very excited to be joining Old Mutual at this important stage in its
development. I see a real opportunity for me to exercise my skills and
experience within this newly-enlarged Group, particularly the areas of cash
management and strategic capital allocation across different businesses and
markets.'

                                                                    20 July 2006


For further details about Old Mutual plc visit www.oldmutual.com


Enquiries:

Old Mutual plc
Miranda Bellord - Media Relations (UK)         + 44 (0) 20 7002 7133
Nad Pillay - Media Relations (SA)              + 27 11 523 9612

College Hill
Tony Friend                                    + 44 (0) 20 7457 2020
Gareth David                                   + 44 (0) 20 7457 2020


Notes to Editors:

Jonathan holds a BA (Hons) in Economics and Accountancy from Manchester
University. He is an Associate of the Institute of Chartered Accountants in
England and Wales (ACA), a Fellow of the Association of Corporate Treasurers
(FCT) and also PMD (Programme for Management Development) from Harvard Business
School.

Jonathan Nicholls is 48 and lives in the UK with his wife and daughter. His
hobbies include sailing, snowboarding, motorcycling, mountain biking and food
and wine.

An abridged CV and photograph are available on Old Mutual's website at
www.oldmutual.com




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