Director's retirement

Old Mutual PLC
26 June 2003

                              OLD MUTUAL PLC

                           Director's retirement


Mr Peter Joubert, a non-executive Director of Old Mutual plc, retired from the
Board of Old Mutual plc today following his reaching the age of seventy.  He had
been a Director of the Company since March 1999 and served on its Remuneration,
Audit and Nomination Committees.



Commenting on Mr Joubert's retirement, Mike Levett, Chairman of Old Mutual plc,
said: 'We are very grateful to Peter for the valuable contribution he has made
to the Board, and will miss his wise counsel and personal qualities.  We wish
him a long and happy retirement.'



                                                                    26 June 2003



Enquiries

James Poole ([phone]

Director, Investor Relations




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