Board Appointment

Old Mutual PLC
15 November 2006

                                 Old Mutual plc

                               Board Appointment

Old Mutual plc is pleased to announce that Lars Otterbeck has been appointed as
an independent non-executive director of the Company with effect from 14
November 2006.

Mr Otterbeck, 64, is currently a non-executive director of Old Mutual's
subsidiary, ForsTM?kringsaktiebolaget Skandia (publ) ('Skandia'). He also chairs
Skandia's Audit Committee.

Mr Otterbeck's external roles include Chairman of Hakon Invest AB and non
executive director of AB Lindex, both listed on the Stockholm Stock Exchange. He
is Chairman of the SSE-MBA Foundation at the Stockholm School of Economics; Vice
Chairman of the Centre for Banking and Finance at the Royal Institute of
Technology; Chairman of Naringslivets Borskommittee (Industry and Commerce Stock
Exchange Committee) and Vice Chairman of the Swedish Corporate Governance Board.

Commenting on his appointment, Chris Collins, Chairman of Old Mutual plc, said:

'We are pleased to add a Swedish director to our Board following the acquisition
of Skandia. Lars brings considerable experience as a director of Skandia and as
a prominent member of the Swedish business community. We look forward to working
with him.'

                                                               15 November 2006


For further information about Old Mutual plc, visit www.oldmutual.com.

ENQUIRIES:

Old Mutual plc
Malcolm Bell - Investor Relations (UK) + 44 (0) 20 7002 7166
Miranda Bellord - Media Relations (UK) + 44 (0) 20 7002 7133
Deward Serfontein - Investor Relations (SA) + 27 (0) 21 509 8709
Nad Pillay - Media Relations (SA) + 27 (0) 21 504 8026

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Gareth David + 44 (0) 20 7457 2020



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