Board Appointment

Old Mutual PLC
24 June 2004

OLD MUTUAL PLC



                               Board Appointment





Old Mutual plc is pleased to announce that Russell Edey has been appointed as a
non-executive director with effect from 24 June 2004.



Russell Edey (aged 61) is deputy chairman of N M Rothschild Corporate Finance
Limited, a non-executive director of FKI plc and Chairman of Anglogold Ashanti
Ltd.  He has also previously served on the boards of English China Clays plc,
Wassall plc,  Northern Foods plc and Express Dairies plc.



Russell Edey's career began in the Finance Division of the Anglo American
Corporation of South Africa Ltd in Johannesburg.  In the 1970s he was General
Manager - Corporate Finance of Capel Court Corporation in Melbourne.  He joined
Rothschild in 1977 and was Head of Corporate Finance from 1991-1996.



Mr. Edey, who is a Chartered Accountant, will also be joining the Company's
Audit Committee.



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



'I am delighted that Russell Edey has agreed to join the Old Mutual Board.  He
has a tremendous reputation in the City and is also well known in South Africa
through his association with AngloGold Ashanti.  His long and distinguished
track record in investment banking, together with his wealth of experience as a
non-executive director, will be invaluable in developing Old Mutual's business
in the future.'





24 June 2004





ENQUIRIES:



Old Mutual plc, UK
Miranda Bellord               Tel: [phone]



Old Mutual plc, SA
Nad Pillay                    Tel: [phone]



College Hill (UK)
Tony Friend                   Tel: [phone]






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