Director's Retirement

Old Mutual PLC
04 October 2004


                              Director's retirement


Mr Chris Liebenberg, a non-executive Director of Old Mutual plc, retired from
the Board of Old Mutual plc on 2 October 2004 upon reaching the age of seventy.
He also then ceased to be a member of the Company's Nomination Committee.  He
had been a Director of the Company since March 1999, and was until earlier this
year Chairman of the Company's 53%-owned banking subsidiary, Nedcor Limited.


Commenting on Mr Liebenberg's retirement, Mike Levett, Chairman of Old Mutual
plc, said: 'I would like to thank Chris for his valuable contribution to the
Board over the past five years.  We shall miss his wisdom and experience.  We
wish him a long and happy retirement.'


                                                                  4 October 2004


Enquiries:


Old Mutual plc UK

Corporate Affairs [phone]


Old Mutual plc SA

Nad Pillay                    [phone]


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