Appointment

Old Mutual PLC
06 December 2002



          Old Mutual Financial Services appointment of Deputy Chairman


Old Mutual plc announces that Hasan Askari, currently a non-executive Director
of Old Mutual Financial Services (UK) plc ('OMFS'), will become Deputy Chairman
of OMFS.  He will assume his new responsibilities on 1st February, 2003.

OMFS comprises all the activities of Old Mutual plc in the United Kingdom and
Europe (Gerrard plc, the country's largest private client stockbrokers, Old
Mutual Asset Managers (UK) Limited, GNI Fund Management Limited, Selestia
Limited and Palladyne Asset Management BV).  Mr. Askari will also be a member of
the Old Mutual plc Executive Committee.

Hasan Askari joined the Old Mutual Group in 1999 as a Senior Advisor.
Previously, he was a Managing Director of Barclays Capital (formerly known as
BZW), a global investment bank, part of Barclays Bank plc.

Welcoming the appointment of Mr. Askari to this additional position at OMFS, the
Old Mutual Group Chief Executive, Jim Sutcliffe said:

'Hasan Askari has considerable experience of the U.K. and international
financial services markets.  Since joining Old Mutual, he has been a key Board
member of OMFS and I am very pleased to have someone of his calibre in this key
role.  He plays an important role in the top management team and I look forward
to working more closely with him.'


                                                                 6 December 2002

For further information

Old Mutual plc
James Poole                                          Tel: [phone]
Julie Saxton                                         Tel: [phone]

Old Mutual SA
Nad Pillay                                           Tel: + 27 (0)82 553 7980

College Hill                                         Tel: [phone]
Tony Friend
Gareth David


Note to Editors

Hasan Askari has been a Director of Old Mutual Financial Services (UK) plc, the
holding company for Old Mutual's activities in the United Kingdom and Europe,
since its inception and is Deputy Chairman of OM Kotak Mahindra Life Insurance
Company Limited, Old Mutual's associate company in India.

Mr. Askari has had considerable experience in senior management roles within
major financial institutions, including parts of Barclays and UBS Warburg. He
started his career in the City of London in 1975 with SG Warburg & Co. Ltd. (now
UBS Warburg) and has since worked for JP Morgan Chase in Hong Kong and BZW (now
Barclays Capital) in Tokyo and London.  He retired as Managing Director of
Barclays Capital in 1999.

Mr. Askari was educated at the University of Oxford.  He is married with two
children and his interests include cricket and South Asian art and textiles.  He
is a Trustee of the British Museum and of the Great Ormond Street Hospital for
Children in London.  He has also been elected a Fellow of the Royal Asiatic
Society in London.


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