Director's Retirement

Old Mutual PLC
28 November 2006

                                 
                                  Old Mutual plc

                             Director's Retirement

Hasan Askari, Chief Executive of Old Mutual Asia Pacific, has notified Old
Mutual plc of his intention to retire from Old Mutual plc in 2007.

Mr Askari joined Old Mutual in 1999, initially as an advisor. His notable
achievements include the Company's sale of Gerrard in 2003 and its successful
entry into India, through the Kotak Mahindra joint venture.

As Chief Executive of Old Mutual Asia Pacific, Mr Askari oversees the
development of the Company's operations in China, India and Australia. In
addition, he has executive responsibility for Palladyne Asset Management in the
Netherlands, Old Mutual Asset Managers UK (OMAM) and, until its recent transfer
to Skandia UK, Selestia.

Mr Askari will retain his responsibilities as Chief Executive of Old Mutual Asia
Pacific until the appointment of a successor, and at least until 30 June 2007.

However, in anticipation of his departure, Mr Askari's executive
responsibilities for OMAM will be transferred to Scott Powers, Chief Executive
of Old Mutual USA, and for Palladyne Asset Management to Julian Roberts, Chief
Executive of Skandia, with effect from 1 January 2007.

Commenting on Mr Askari's departure, Jim Sutcliffe, Chief Executive, Old Mutual
plc, said: 'I would like to thank Hasan personally for his contribution and
commitment to Old Mutual. His wise counsel and business acumen has been
invaluable over the years.'


                                                                28 November 2006


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Old Mutual plc
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Nad Pillay - Media Relations (SA)     + 27 (0) 21 504 8026

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Gareth David                          + 44 (0) 20 7457 2020

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



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