OM Financial Services

Old Mutual PLC
22 November 2002





OLD MUTUAL PLC





       Re: Edmond Warner, Chief Executive, Old Mutual Financial Services



Following the recent sale of various UK subsidiaries, Old Mutual plc announces
that Edmond Warner, Chief Executive of Old Mutual Financial Services, has
tendered his resignation to pursue other career options. It is expected that Mr
Warner will leave the Group at the end of March.



Recently the Group announced the completion of the sale by OMFS of GNI, the
derivatives and futures broker, to Man Group plc for a consideration of £100
million. Subsequently the Group announced the conditional sale of Old Mutual
Securities, a corporate stockbroker, to Secure Trust plc. An announcement of a
replacement for Mr Warner will be made in due course.



Thanking Edmond Warner for his contribution to Old Mutual, Group Chief Executive
Jim Sutcliffe said:



'Edmond Warner has made a big contribution over the last three years to the
successful international strategy pursued by the Old Mutual Group. With the
completion of the sales of the non-core assets the task that Edmond set himself
has been largely completed, and we wish him well in his future career.'






                                                                22 November 2002



ENQUIRIES:


Old Mutual plc, London                               Tel: [phone]

James Poole


College Hill, London                                 Tel: [phone]

Tony Friend

Gareth David


College Hill, South Africa                           Tel: [phone]

Nicolas Williams




Note to editors:

Edmond Warner joined Old Mutual in 1999 to establish Old Mutual Securities.
Prior to joining Old Mutual shortly after the Group listed in the UK, he had a
career of 15 years in investment banking as an investment strategist, head of
global research at Dresdner Kleinwort Benson, and finally head of pan-European
equities at BT Alex Brown.






                      This information is provided by RNS
            The company news service from the London Stock Exchange