Appt of Non Executive

Old Mutual PLC
17 May 2002


                                 Old Mutual plc

                 Old Mutual appoints Non Executive US Director

Old Mutual plc is pleased to announce that Nigel Andrews has been appointed as a
non-executive director of the company with effect from 1 June 2002. He is
already a non-executive director of the Group's principal US holding company,
Old Mutual (US) Holdings Inc.

US-based, Nigel Andrews is a British national aged 55, with extensive experience
of US financial and business management acquired during his involvement with US
General Electric Company, Internet Capital Group and Booz Allen Hamilton.

Nigel Andrews has a BSc in Chemical Engineering from Sheffield University, holds
an MBA from London Business School, and is Chairman of the Regional Advisory
Board, North America, of the London Business School.  He is also a Director of
Great Lakes Chemical Corporation.

Commenting on the appointment, Michael J Levett, Chairman of Old Mutual plc,
said:


'We have been looking for some time to appoint a director with the right mix of
US and international experience. I am very pleased to welcome Nigel Andrews to
the Board of Old Mutual plc, where his experience will bring a valuable
additional dimension to our discussions.'


                                                                     17 May 2002

ENQUIRIES:

Old Mutual plc                     Tel: [phone]
James Poole

Old Mutual, South Africa           Tel: [phone]
Bruce Allen

College Hill                       Tel: [phone]
Tony Friend


Notes to Editors


Old Mutual plc is an international financial services company based in London,
with substantial operations in life assurance, asset management, banking and
general insurance. Old Mutual is listed on the London Stock Exchange with a
market capitalisation of £4 billion as at 1 May 2002. It is also listed on the
Johannesburg, Namibian, Malawi and Zimbabwe stock exchanges. The company
operates the largest life assurance business in southern Africa, through which
it provides life, disability and health insurance, retirement savings and
investment products to individuals and groups. The company also has significant
interests in life assurance and asset management businesses in the USA and a
range of asset management businesses in the UK. The group had £143 billion of
assets under management as at 31.12.01. Old Mutual owns 53% of Nedcor, one of
South Africa's highest rated banks, and 51% of the South African general
insurance company, Mutual & Federal.


                      This information is provided by RNS
            The company news service from the London Stock Exchange