NIB Interim Results

Old Mutual PLC
24 July 2002

                                 OLD MUTUAL PLC



                Nedcor Investment Bank Holdings Limited (NIB SJ)

              Interim results for the six months ended 30 June 2002





Old Mutual plc ('Old Mutual') draws attention to today's announcement by Nedcor
Investment Bank Holdings Ltd ('NIB'), the South African investment bank, in
which Nedcor Limited ('Nedcor') has majority control, detailing its financial
results for the six months ended 30 June 2002. Old Mutual has a 53% holding in
Nedcor.



The full text of the NIB 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 NIB announcement is available from Investor Relations, Old
Mutual Plc, 3rd Floor, 57 Berkeley Square, London W1J 6ER.



24 July 2002





ENQUIRIES:


Old Mutual, London                                   Tel: [phone]
James Poole


College Hill, London                                 Tel: [phone]
Nicholas Williams





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