re. Beeson Gregory

Old Mutual PLC
11 March 2002





OLD MUTUAL PLC



                         Old Mutual Securities Limited



Old Mutual plc announces that it has entered into exclusive negotiations with
Beeson Gregory Group plc to acquire the business of Old Mutual Securities
Limited.  These negotiations are still to be finalised and there can be no
assurance that the transaction will proceed.



Old Mutual Securities Limited was formed in 2000 following the merger of Albert
E Sharp Securities and the institutional broking and corporate finance business
of Greig Middleton.  The business is now a leading institutional and corporate
broker in the UK middle market, offering a full range of corporate finance
services for companies and broking services for institutional investors.



A further announcement will be made in due course.





11 March 2002





ENQUIRIES:


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


Edmond Warner                                            Tel: + 44 20 7002 4600
Chief Executive, Old Mutual Financial Services


College Hill                                             Tel: + 44 20 7457 2020
Tony Friend


Hawkpoint Partners                                       Tel: + 44 20 7665 4500
Charles Williams
Graham Paton







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