Re Nedcor Final Results

Old Mutual PLC
22 February 2005


                                 Old Mutual plc
                                        
                                 Nedcor Limited
                  Results for the year ended 31 December 2004
                                        

Nedcor Limited ('Nedcor'), the South African banking group in which Old Mutual
plc ('Old Mutual') has a 52.3 per cent. holding, has today issued its financial
results for the year ended 31 December 2004.

The full text of Nedcor's announcement is available on the Old Mutual website at
www.oldmutual.com or on the JSE Securities Exchange News Service (SENS). 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.

Old Mutual will release its preliminary results on 28 February 2005.


                                                                22 February 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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