Directorate Change

Old Mutual PLC
22 January 2004


                                 OLD MUTUAL PLC

                                Board Appointment
                                        
Old Mutual plc is pleased to announce that Michael Marks has been appointed as a
non-executive director with effect from 1 February 2004.

Michael Marks, CBE (aged 62) is one of the founding partners of New Smith
Capital Partners LLP. Until February 2003 he had held a number of senior roles
with Merrill Lynch, including Executive Chairman of Merrill Lynch Europe, Middle
East and Africa. Prior to joining Merrill Lynch in 1995, he had been Chairman of
Smith New Court PLC, having earlier been responsible for the international
operations of that company in New York, Hong Kong, Singapore and South Africa.

He is a director of the London Stock Exchange and was formerly Chairman of the
London Investment Banking Association and Vice-President of the British Bankers'
Association. He was awarded a CBE in 1999 for services to Britain's financial
services industry.

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

'I am delighted that Michael Marks has agreed to join the Old Mutual Board. His
great experience of financial services and knowledge of the three principal
territories in which we operate - namely South Africa, the United States and the
UK, will make him a valuable addition to our team.'


                                                                 22 January 2004


ENQUIRIES:

Old Mutual plc
James Poole                                             Tel: [phone]

College Hill
Tony Friend                                             Tel: [phone]




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