Old Mutual Asset Management, the U.S. asset management group of Old Mutual plc (LSE: OML), announced assets under management (AUM) by the group's member firms of $315.1 billion, as of June 30, 2007, nearly 9% ahead of AUM from the previous quarter. The $25.3 billion quarter-over-quarter increase was driven by substantial positive net cash flow and investment return. There were substantial net inflows of client assets totaling $11 billion in Q2.

"Both net inflows and market returns contributed to Old Mutual Asset Management's growth in assets under management in the second quarter," said Scott Powers, chief executive officer of Old Mutual Asset Management. "In a market environment that may experience higher levels of volatility, we believe that both institutional and retail investors will perceive the value of our focus on active management and quality investments."

About Old Mutual Asset Management (US)

Old Mutual Asset Management is the holding company for 19 distinct, boutique firms, including asset managers that specialize in high-quality, active investment strategies for institutional and individual investors; and the Old Mutual Asset Management Trust Company. The group's parent is Old Mutual plc, an international financial services company based in London, with operations in asset management, life assurance, banking and general insurance. More information on Old Mutual Asset Management (US), its member firms and their investment teams and strategies, is available from the group's website at . Individual investors can access the investment capabilities of certain Old Mutual affiliates through mutual funds managed by Old Mutual Capital. Please see Old Mutual Capital's website at for more complete information or to obtain a current prospectus. The prospectus contains important information, including information about a mutual fund's investment objectives, risks, charges and expenses and should be read carefully and considered before investing or sending money.

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