Nedcor/NIB Offer Timetable

Old Mutual PLC
06 September 2002

                                 OLD MUTUAL PLC





   Nedcor Limited (NED SJ)/ Nedcor Investment Bank Holdings Limited (NIB SJ)



   Offer timetable for Nedcor's acquisition of Nedcor Investment Bank ('NIB')



Old Mutual draws attention to today's announcement by its subsidiary Nedcor
Limited ('Nedcor'), the South African banking group, in which it has a 53%
stake, detailing the salient dates and times of the scheme of arrangement
proposed by Nedcor between NIB and its shareholders other than Nedcor to acquire
the issued shares of NIB. Nedcor currently has an 84% stake in NIB.



The scheme meeting is scheduled to take place on Monday, 30 September 2002.
Subject to the successful implementation of the scheme NIB shareholders
registered on Friday, 18 October 2002 will receive 3.03030 Nedcor shares for
every 100 NIB shares.



The full text of the Nedcor announcement is available on SENS, the JSE
Securities Exchange News Service and on Old Mutual's website, www.oldmutual.com.
A paper copy of the full Nedcor announcement is available from Investor
Relations, Old Mutual Plc, 3rd Floor, 57 Berkeley Square, London W1J 6ER.



6 September 2002





ENQUIRIES:


Old Mutual, London                                   Tel: [phone]

James Poole


College Hill, London                                 Tel: [phone]

Tony Friend












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

MSCLFMTTMMIMBLT