Board Appointment

Old Mutual PLC
28 February 2005


                                 Old Mutual plc

                               Board Appointment

Old Mutual plc is pleased to announce that Wiseman Nkuhlu has been appointed as
a non-executive director with effect from 1 March 2005.

Professor Nkuhlu (aged 61) is a non-executive director of Old Mutual Life
Assurance Company (South Africa) Limited. A former economic adviser to South
African President Thabo Mbeki, he is Chief Executive of Nepad (New Partnership
for Africa's Development), the socio-economic renewal programme for Africa. A
Chartered Accountant, Mr Nkuhlu's previous appointments include the Presidency
of the South African Institute of Chartered Accountants and Chairmanship of the
Development Bank of Southern Africa. He has also previously served on the boards
of a number of major companies, including Standard Bank, SAB Miller, Tongaat
Hulett, BMW and JCI.

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

'I am delighted to welcome Wiseman Nkuhlu to the Old Mutual Board. His knowledge
and reputation within South Africa, as well as his business background and
acumen, will make a valuable contribution to our business going forward and
especially as we embrace transformation in South Africa through our forthcoming
BEE ownership deals.'

                                                                28 February 2005

ENQUIRIES:

Old Mutual plc UK
Miranda Bellord   [phone]

Old Mutual plc SA
Nad Pillay        [phone]


Downloadable photographs are available at 
http://www2.oldmutual.com/Media/media_resources/photo_library/index.jsp

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



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