Nedcor Ltd Trading Statement

Old Mutual PLC
11 November 2004


                                 Old Mutual plc
                                        
                                        
                              Nedcor Trading Update
                                        


Old Mutual plc ('Old Mutual') draws attention to today's trading update by
Nedcor Limited ('Nedcor'), the South African banking group in which it has a 53
per cent. holding.


The full text of Nedcor's announcement is available on the JSE Securities
Exchange News Service (SENS) and can also be accessed on Old Mutual's website,
www.oldmutual.com. A paper copy of the full announcement is 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


Old Mutual will be providing an update on current trading activities in respect
of the whole Old Mutual Group at 07.00 am UK time and 09.00 am SA time on
Wednesday 17 November.



                                                                11 November 2004






Enquiries:


Old Mutual plc UK
Miranda Bellord             [phone]


Old Mutual plc SA
Nad Pillay                  [phone]







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