BGG Beeson Greg.Grp

RNS Number:1936V
Old Mutual PLC
26 April 2002


OLD MUTUAL PLC


                      Statement re. Old Mutual Securities


On 11 March it was announced that Beeson Gregory Group plc ("Beeson Gregory")
had entered exclusive negotiations for the acquisition from Old Mutual plc ("Old
Mutual") of Old Mutual Securities Ltd ("Old Mutual Securities"). These
discussions have now been terminated by mutual agreement.

Old Mutual Securities is a strong business, with a powerful brand and excellent
individuals in all areas of its business. Old Mutual remains committed to
finding the appropriate means of securing its continued development, whether
that is within Old Mutual or as part of another group.

26 April 2002



ENQUIRIES:

OLD MUTUAL                                                   Tel: 020 7569 0100
James Poole, Director of Corporate Affairs

College Hill                                                 Tel: 020 7457 2020
Gareth David                                Email: gareth.david@collegehill.com





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