UAM Offer Extension

Old Mutual PLC
14 August 2000



                       OLD MUTUAL PLC

 Old Mutual extends tender offer for United Asset Management
                         Corporation
                              
           New Expiration Date is August 28, 2000
                              
BOSTON  (August  14, 2000) - Old Mutual plc announced  today
that it has extended the expiration date for its cash tender
offer  for all outstanding shares of common stock of  United
Asset   Management  Corporation  (NYSE:   UAM).    The   new
expiration date is Monday, August 28, 2000 at 5:00 p.m. EDT.

As  of the initial expiration date of midnight EDT on August
11,  2000,  approximately 48,962,031 shares  of  UAM  common
stock  had been tendered, representing approximately  sixty-
six  percent  (66%) of UAM common stock on a  fully  diluted
basis.

                                              14 August 2000

Enquiries:

Old Mutual, plc  (www.oldmutual.com)
James Poole, Director, Investor Relations    
[e-mail]                Tel:  + 44 20 7569 0100        

College Hill London
Nicholas Williams                    Tel:  + 44 20 7457 2020
[e-mail]

College Hill Johannesburg
Kim Milnes                           Tel:  + 27 11 447  3030
[e-mail]

Hewes Communications, Inc.
Tucker Hewes,                        Tel:   + 1 212 207 9451
[e-mail]