Board Appointment

Old Mutual PLC
27 January 2006


                                   Old Mutual
                               Board Appointment

Old Mutual plc is pleased to announce that Reuel Khoza has been appointed as a
non-executive director of the Company with effect from today.

Mr Khoza (aged 56), who is South African, was recently appointed as Chairman
designate of Nedbank Group Limited and Nedbank Limited as successor to Warren
Clewlow, who will retire from the Boards of Old Mutual plc, Nedbank Group
Limited and Nedbank Limited in May 2006 ahead of his seventieth birthday. Mr
Khoza is also Chairman of Aka Capital, Chairman of the NEPAD Business Foundation
and a non-executive director of Gold Reef Casino Resorts and the JSE Limited.

Commenting on his appointment, Chris Collins, Chairman of Old Mutual plc, said:

'I am delighted that Reuel Khoza has agreed to join us. He will make a welcome
and valuable addition to Old Mutual's Board. He has many years of experience in
the banking sector and has been much involved in the transformation of South
Africa.'

                                                                 27 January 2006


ENQUIRIES:

Old Mutual plc
Malcolm Bell - Investor Relations (UK)         + 44 (0) 20 7002 7166
Miranda Bellord - Media Relations (UK)         + 44 (0) 20 7002 7133
Deward Serfontein - Investor Relations (SA)    + 27 21 509 8709
Nad Pillay - Media Relations (SA)              + 27 11 523 9612

College Hill
Alex Sandberg                                  [phone]
Tony Friend                                    [phone]


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


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