Board Appointment

Old Mutual PLC
1 February 2002



OLD MUTUAL PLC



                               Board Appointment





The Board of Old Mutual plc is pleased to announce that Rudi Bogni has been
appointed as a non-executive director, with immediate effect.



Rodolfo (Rudi) Bogni (aged 54) is an Italian by nationality. He was formerly
Chief Executive, Private Banking, UBS and before that Chief Executive Officer of
Swiss Bank Corporation in London.



Rudi currently holds a number of directorships and trusteeships including the
Governing Council of the Centre for the Study of Financial Innovation, Prospect
Publishing and Civilia. He also chairs the International Advisory Board of
Oxford Analytica.



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



'I am delighted that Rudi Bogni has joined the Old Mutual Board. His extremely
broad international expertise and his deep knowledge of the financial services
industries around the world will make him a valuable addition to our team.'





1 February 2002








ENQUIRIES:

Old Mutual plc
James Poole                                           Tel: [phone]
Zoleka Mzimba                                         Tel: [phone]

College Hill
Nicholas Williams                                     Tel: [phone]
Tony Friend






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