Directorate

OLD MUTUAL PLC
16 July 1999


OLD MUTUAL PLC

Appointment of Corporate Communications Director


Following its successful listing on the London and Johannesburg Stock
Exchanges   on 12 July, Old Mutual plc - the leading financial services
group in southern Africa -  has appointed James Poole AIIMR as its first
Investor Relations and Corporate Communications Director.

He will be based in the London head office with a team in London and Cape
Town reporting to him.

James Poole joins Old Mutual from Shandwick Consultants, where he was Vice
Chairman. Prior to that, he had been Head of Corporate Affairs at Barclays
Bank.

He is a qualified investment analyst, specialising in the financial and
insurance sectors, and has worked closely with a number of leading
international companies on projecting and enhancing their reputations.

Commenting on James Poole's appointment, Eric Anstee, Finance Director of
Old Mutual plc, said:

'I am delighted that James has agreed to join us at such an exciting time
in the group's development and look forward to working with him. Having
successfully completed the demutualisation and listing process, Old Mutual
now embarks on life as a quoted company, with a strong commitment to
shareholder value and a clear strategy for growing the business in the UK,
in southern Africa and internationally.'

16 July 1999

ENQUIRIES:

Old Mutual plc                          Tel: [phone]
Eric Anstee, Finance Director
James Poole

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

College Hill (Cape Town)                Tel: [phone]
Rachel Barbour
Graham Fiford