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Old Mutual PLC (OMU)


Monday 08 July, 2002

Old Mutual PLC

Nedcor/BoE Management

Old Mutual PLC
8 July 2002

                                 OLD MUTUAL PLC

            New Top Management Structure for Merged Nedcor/BoE Group

Old Mutual draws attention to the announcement made today by Nedcor Limited 
('Nedcor'), the South African banking group in which Old Mutual has a 53% 
holding, outlining the new top management structure for the merged businesses of
Nedcor and BoE.

The full text of the Nedcor announcement is available on SENS, the JSE
Securities Exchange News Service, and on Old Mutual's website,

8 July 2002


Old Mutual, London                                   Tel: +44 20 7569 0100
James Poole

College Hill, London                                 Tel: +44 20 7457 2020
Nicholas Williams

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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