Re Directorate

Old Mutual PLC
31 August 2001

OLD MUTUAL PLC

Mr. E E Anstee

Old Mutual plc (LSE:  OML.L) announces that by mutual agreement Eric Anstee,
Director and Chief Executive, Financial Services has resigned from the Board
of the Company and his executive positions with the Old Mutual Group and
associated undertakings as from 31 August 2001. His responsibilities as an
executive director have been reassigned to Jim Sutcliffe.

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

'Eric joined us in November 1998 in the lead up to our demutualisation and
listing and played a vital role both in that process and in the expansion and
development of our financial services businesses. We are appreciative of his
considerable contribution to Old Mutual and wish him well for the future.'

Eric Anstee said:

'I have been with Old Mutual close to three years now, which has been a very
challenging and exciting period in my career. I feel that the job I was tasked
to do has substantially been completed, and it is time for me to move on.  Old
Mutual is now well positioned for the future and I wish Mike, Jim and their
team every success'

31 August 2001


ENQUIRIES:

Old Mutual plc, London                           Tel: + 44 (0) 20 7569 0100

James Poole, Director Investor Relations

College Hill, London                             Tel: + 44 (0) 20 7457 2020

Alex Sandberg