Combined Comms Network

Old Mutual PLC
04 August 2005


               Old Mutual South Africa and Nedbank Group Limited
                        Combined Communications Network


Old Mutual South Africa, the wholly-owned South African business of Old Mutual
plc ('Old Mutual') and Nedbank Group Limited, the South African banking
subsidiary of Old Mutual, have today issued a joint announcement giving details
of a combined communications network and the prospective cost savings they each
expect to make through this cross-business cooperation.

The full text of the announcement is available on the Old Mutual website at
www.oldmutual.com. A hard copy is also available from Corporate Affairs, Old
Mutual plc, 5th Floor, Old Mutual Place, 2 Lambeth Hill, London EC4V 4GG or Old
Mutual Square, Isibaya Building, 2nd Floor, 93 Grayston Drive, Sandton 2196,
South Africa.

                                                                   4 August 2005


ENQUIRIES:

Old Mutual plc UK
Miranda Bellord     [phone]

Old Mutual plc SA
Nad Pillay          [phone]


For further information about Old Mutual plc visit www.oldmutual.com



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