Analysts Conference Call

Old Mutual PLC
15 May 2003

OLD MUTUAL PLC





          Announcement of Trading Update and Analysts Conference Call



At 7.00 a.m. tomorrow, 16 May 2003, Old Mutual plc (OML.L) will be providing an
update on current trading ahead of the Company's Annual General Meeting, which
will take place in the Ballroom at Claridge's, London starting at 11.00 a.m.



A conference call for analysts and investors has been arranged at which Julian
Roberts, Group Finance Director, will answer questions. The call will start at
8.30a.m. (UK) 9.30 a.m. (SA) on 16 May 2003.



Analysts and investors who wish to participate in this conference call should
dial the following toll-free numbers:


UK:                        0500 10 16 30
SA:                        0800 99 11 03



International participants from outside the above regions should dial the
following number (not toll-free):            [phone]



For those not able to participate, a recording of the conference call will be
made and a replay facility will be available from mid-morning on 16 May 2003
until 23 May 2003, after which it will be withdrawn. Those wishing to activate
the replay facility should dial the following number, and quote the relevant
access code:


UK:                        [phone]
Access code:               295742



Nedcor Limited (NED SJ), the South African banking group in which Old Mutual has
a 53% holding, will also issue simultaneously a statement on trading and the
outlook for the South African banking business, which will be published on the
JSE Securities Exchange News Service (SENS). Both statements will be available
on the Old Mutual website www.oldmutual.com.


                                                                     15 May 2003


ENQUIRIES


Old Mutual plc (London)
Malcolm Bell, Investor Relations                          Tel: + 44 20 7569 0100


Old Mutual plc (South Africa)
Michael Willis, Investor Relations                        Tel: + 27 82 441 5196





                      This information is provided by RNS
            The company news service from the London Stock Exchange