Change to Board of Directors

Old Mutual PLC
4 September 2000

                     OLD MUTUAL PLC

                Senior Management Changes


Old  Mutual plc today announced a reorganisation  of  its
international asset management operations  ahead  of  its
planned    acquisition   of   United   Asset   Management
Corporation (UAM) of the United States.

Kevin  Carter,  currently Chief Executive of  Old  Mutual
Asset Managers (UK) Ltd (OMAM), will move to Old Mutual's
Berkeley  Square  headquarters to take  a  lead  role  in
management  of  the  asset management  operations  to  be
acquired  as part of the UAM transaction.  On  July  19th
Old  Mutual launched a tender offer for UAM, one  of  the
leading fund management organisations in North America.

Kevin Carter commented:

     'The  acquisition of UAM will transform Old Mutual's
asset  management  operations  by  adding  a  significant
presence  in  the North American market. This acquisition
will  open  significant opportunities for  expansion  and
development of our businesses in our traditional  markets
as  well  as  introducing new opportunities for  the  UAM
affiliated  businesses.  Over the past few weeks  I  have
been exploring with a number of UAM fund managers how  we
can  move rapidly to exploit these exciting opportunities
and  gain benefit for these enhanced operations.  I  very
much look forward to continuing to work closely with  the
UAM teams in future.'

Eric  Anstee,  Chief  Executive of Old  Mutual  Financial
Services   and  head  of  the  group's  asset  management
businesses said:

     'The  expansion  of  our asset  management  business
globally  is  a  key imperative for Old Mutual.  We  have
therefore asked Kevin Carter to focus exclusively on  the
development  of  the United Asset Management  businesses.
Kevin's long and successful history as Chief Executive of
Old  Mutual Asset Managers (UK) will be invaluable in the
task ahead.'
                                                         
                                         4 September 2000
                            
Enquiries:

James Poole / Anna Quenby
Old Mutual plc                 Tel: [phone]

Nicholas Williams
College Hill                   Tel: [phone]