MTN Programme

Old Mutual PLC
31 August 2000


                     Old Mutual plc

      £1 billion Global Medium Term Notes Programme

Old  Mutual  plc, together with Old Mutual  International
Finance  Limited, announce that Notes issued under  their
Global Medium Term Note Programme established today  have
been  admitted  to the Official List of  the  UK  Listing
Authority  and  admitted to trading on the  London  Stock
Exchange.  The programme is for up to a maximum of £1,000
million.  The  admission applies to Notes  to  be  issued
during  the  period of 12 months from  the  date  of  the
offering circular.

The  currency, term, form and pricing will be  determined
with  the  relevant Dealer at the time of  issue  of  any
tranche of Notes issued under the programme.  Old  Mutual
plc  will  act  as Guarantor of any Notes issued  by  Old
Mutual International Finance Limited.

Proceeds  of any Note issue will be used for the  general
corporate purposes of the Old Mutual Group.

The  Global Medium Term Note Programme has been  arranged
by HSBC Bank plc.

                                           31 August 2000

ENQUIRIES:

Old Mutual plc, London            Tel: + 44 20 7569 0100
James Poole, Director Investor Relations

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