US Analyst Presentation

Old Mutual PLC
12 November 2001



                                OLD MUTUAL PLC

                    Analyst Presentations on US activities


Old Mutual plc is making a series of presentations from today until 14
November in Baltimore and Boston, on its US business, to a group of
institutional and stock broking analysts, hosted by Julian Roberts, Group
Finance Director.


Following the acquisitions of United Asset Management Corporation ('UAM') last
year and of Fidelity and Guaranty Life Insurance Company ('F&G Life') this
year, as well as the launch of the Americom Life and Annuity Insurance Company
('Americom') in May, Old Mutual now has firmly established businesses in the
United States, under the leadership of Scott Powers, Chief Executive US Asset
Management and Guy Barker, Chief Executive US life Assurance.


Since the closing of these acquisitions, Old Mutual has substantially
restructured the businesses to create a significant capability for the
distribution of savings and investment products in the US.



The presentations will provide an operational update on each of the businesses
in the US, including Old Mutual US Life, comprising F&G Life and Americom, and
Old Mutual (US) Holdings, which is the US based asset management business,
comprising mainly Pilgrim Baxter & Associates ('Pilgrim Baxter') and OMAM
(US).



Slides of the presentations will be posted to the website (www.oldmutual.com)
together with a live audiocast of the presentations, where it will be
maintained for at least two weeks.

12 November 2001


ENQUIRIES:


Old Mutual plc
(London)
Zoleka Mzimba                            Tel: + 44 20 7569 0100


(Baltimore)
James Poole                              Tel: + 1 410 895 0100


College Hill Associates
(Johannesburg)
Robyn Hunt                               Tel: + 27 11 447 3030