Offer Document Posted

Old Mutual PLC
18 July 2000



                        OLD MUTUAL PLC
                               
         Offer for United Asset Management Corporation
               Posting of tender offer document
                               
                               
Old  Mutual  plc  confirms that the tender offer  document  in
respect of its offer to purchase all of the outstanding shares
of UAM Corporation, Boston, USA, was posted to shareholders of
UAM  Corporation at close of business yesterday, 17 July.  The
offer  of  $25 per share is subject to adjustment, as outlined
in  the merger agreement, which was filed with the SEC  on  19
June.   The  tender offer will close at midnight EST  time  on
Thursday 10 August, unless the offer is extended.

A  copy  of  the  tender offer document is  available  through
Innisfree  M&A  Incorporated, New York  (telephone  (212)  750
5833).

                                                              
                                                  18 July 2000


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Old Mutual                         Tel:  + 44 20 7569 0100
James Poole, Director, Investor Relations


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Nick Williams