Change to Board of Directors

Old Mutual PLC
17 July 2000


                          OLD MUTUAL PLC

        Julian Roberts FCA appointed Group Finance Director


The  Board  of Old Mutual plc is pleased to announce  that  Julian
Roberts FCA has been appointed Group Finance Director, with effect
from  21  August  2000.  Mr  Roberts is  currently  Group  Finance
Director of Sun Life and Provincial Holdings PLC ('Sun Life'), the
insurance  group which was in the FTSE 100 Index until  completion
of its take-over by AXA.

Mr Roberts qualified as an accountant with Price Waterhouse. Prior
to  joining  Sun  Life,  he  held a number  of  key  positions  in
financial  management  in  the insurance broking  industry,  which
included the establishment and development to its current  leading
position of Aon Corporation's insurance interests in the UK.

Mike Levett, Chairman and Chief Executive of Old Mutual plc.,
commented:

'The  appointment  of Julian Roberts, together with  other  recent
appointments  to key positions in our businesses, strengthens  our
top   management  team  at  an  important  time  in  Old  Mutual's
development.  We believe that Julian's knowledge of our  industry,
his  experience  in the acquisition and integration  of  financial
services  companies,  and his strong credentials  in  implementing
sound  procedures for capital management, financial  control,  and
delivering shareholder value will serve us well, and we very  much
look forward to working with him.'


ENQUIRIES:

Old Mutual plc                           Tel: [phone]
James Poole, Director of 
Corporate Communications

College Hill (London)                    Tel: [phone]
Gareth David

College Hill (Johannesburg)               Tel:[phone]
Kim Milnes


For photographs of Julian Roberts, please download from the
Newscast website at www.newscast.co.uk.

NOTES TO EDITORS

The  Board  of  Old  Mutual  plc will now  include  the  following
Executive  Directors: Mike Levett, Chairman and  Chief  Executive;
Eric  Anstee, Chief Executive, Financial Services; Julian Roberts,
Group  Finance Director; and Jim Sutcliffe, Chief Executive, Life.
The  Group Executive Committee comprises these Executive Directors
plus  Richard Laubscher, Chief Executive, Nedcor Ltd.; and Gerhard
van Niekerk, Chief Executive, Old Mutual South Africa Ltd.

It  was  announced  on 30 June that Eric Anstee,  currently  Group
Finance   Director,  was  to  become  Chief  Executive,  Financial
Services,  assuming  responsibility  for  the  principal  non-life
assurance businesses of the Group. These include the international
asset  management operations of Old Mutual, the broking businesses
of  Capel  Cure Sharp and Old Mutual Securities, and  the  Gerrard
Group operations which were acquired with effect from 31 March.

On   19   June,  Old  Mutual  announced  an  agreed  $1.4  billion
acquisition of United Asset Management Corporation of Boston, USA


Biographical details for Julian Roberts:

Julian  Roberts,  aged 43 years, was educated at Tonbridge  School
and  is  a  graduate of Stirling University with a  BA  (Hons)  in
Accountancy and Business Law.

Julian  joined Price Waterhouse as a graduate trainee but  decided
after  four  years  to  make a career in business.  Following  the
purchase  by Willis Faber of Stewart Wrightson plc, where  he  was
group  financial  controller, he joined as  finance  director  the
founding  company  for  Aon  Group's  substantial  investment   in
insurance broking activities in the UK, becoming Director and  CFO
of Aon UK Holdings Ltd in 1993.

During this time, he was responsible for acquiring and integrating
a  number of insurance businesses, including Leslie & Godwin, Bain
Hogg, Alexander & Alexander and Minet Holdings.

On  1  January 1999, he became Group Finance Director of Sun  Life
and Provincial Holdings PLC. During his time with Sun Life, he was
closely  involved in AXA's  £3.4 billion acquisition  of  Guardian
Royal Exchange, integration of the general insurance businesses as
well  as  the  sale of the Guardian Life operation  and  the  Life
company in Ireland.

He  is  a Member of the Institute of Chartered Accountants, and  a
member  of  the Association of Corporate Treasurers. His interests
include golf, music and rugby.