Old Mutual appoints Richard Pym as a non-executive director

Old Mutual plc ("Old Mutual"), the international savings and wealth management group, is pleased to announce that Richard Pym has agreed to join the Board as an independent non-executive director with effect from 1 September 2007. Mr Pym will also become a member of the Group Audit and Risk Committee and is expected to succeed Norman Broadhurst, who is due to retire from the Board at the AGM in May 2008, as Chairman of that committee.

Mr Pym retired as Group Chief Executive of Alliance & Leicester plc in July 2007, a position he had held since 2002.  He is currently non-executive Chairman of Halfords Group plc, the UK car parts, car accessories and cycle retailer. He is a qualified Chartered Accountant.

Chairman of Old Mutual, Chris Collins, said:

"I am delighted to welcome Richard Pym to the Board of Old Mutual. His success in the UK banking sector, along with his accounting knowledge and experience in retail financial services, will undoubtably be of considerable value to the Company."

Richard Pym commented:

"I am delighted to have been invited to join Old Mutual. Through Skandia, it is an innovative force in the UK market and the companys reputation in its international markets is strong. I look forward to working with Old Mutuals board in achieving future success for the group."

Pursuant to Listing Rule 9.6.13 (1), details of directorships held by Mr Pym in publicly quoted companies during the past five years are set out below:

Alliance & Leicester plc (ceased 2007)
Halfords Group plc (current)
Selfridges plc (ceased 2003)

Old Mutual also confirms that there are no matters relating to Mr Pym that would require disclosure under Listing Rules 9.6.13 (2) to (6).   Mr Pym does not currently have any beneficial interests in Old Mutual shares.