Directorate Change

Old Mutual PLC
28 July 2003

                              OLD MUTUAL PLC


                         Director's retirement


Mr Murray Stuart, a non-executive Director of Old Mutual plc, retired from the
Board of Old Mutual plc today upon reaching the age of seventy.  He has also
today ceased to be a member of the Company's Remuneration and Audit Committees.
He had been a Director of the Company since March 1999, and was the senior
independent non-executive Director and Chairman of the Nomination Committee
until February 2003.


Commenting on Mr Stuart's retirement, Mike Levett, Chairman of Old Mutual plc,
said: 'I would like to thank Murray for his valuable contribution to the Board
and its Committees over the past four years.  We wish him a long and happy
retirement.'


                                                                    28 July 2003



Enquiries

James Poole ([phone]
Director, Investor Relations


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